Suppose that Po is invested in a savings account in which

Last updated: 10/6/2023

Suppose that Po is invested in a savings account in which interest is compounded continuously at 6 9 per year That is the balance P grows at the rate given by the following equation dP dt 0 069P t a Find the function P t that satisfies the equation Write it in terms of Po and 0 069 b Suppose that 1500 is invested What is the balance after 1 years c When will an investment of 1500 double itself a Choose the correct answer below OA P t 0 069Poet OB Po P t e 0 0691 OC P t P t e 0 069t OD P t Poe0 069t b The balance after 1 year is Type an integer or decimal rounded to two decimal places as needed c The doubling time is year Type an integer or decimal rounded to two decimal places as needed