This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: . If , then decreases over time, and the phenomenon follows an exponential decay model . Money in an account having continuously compounded interest follows an exponential growth model. The initial investment, , is the principal . In the current problem, , years, and . We must find . Substituting into the equation above, we get the following. We solve for as follows. Here is the answer. For additional explanation, see your textbook: • Section 4.5: Modeling with Exponential and Logarithmic Functions...
View
Full
Document
This note was uploaded on 04/05/2009 for the course MATH 107 taught by Professor Self during the Spring '08 term at Washington State University .
 Spring '08
 Self

Click to edit the document details