Suppose that P is invested in a savings account in which interest k is compounded continuously at 5 per year The balance P t

Question

Suppose that P is invested in a savings account in which interest k is compounded continuously at 5 per year The balance P t after time t in years is P t Pekt a What is the exponential growth function in terms of P and 0 05 P t Pe 05t b If 9000 is invested what is the balance after 6 years Round to the nearest cent

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