Suppose that P is invested in a savings account in which interest k is compounded continuously at 7 per year The balance P 1

Question

Suppose that P is invested in a savings account in which interest k is compounded continuously at 7 per year The balance P 1 after time t in years is P t Pek a What is the exponential growth function in terms of P and 0 07 P t P 0 071 b If 6000 is invested what is the balance after 5 years Round

Kunduz · Accepted Answer

Click to see the answer