MA103 Lab Report 5 - Derivative Applications
Suppose that you invested
15000 on August 1st, 2001 into a GIC (Guaranteed Investment Certificate) paying
an annual interest rate
% compounded continuously.
(a) At what interest rate must the GIC be earning if your investment will double in value after 30 years? State your answer
as a percent to 2 decimal places.
is your result from part (a). To 2 decimal places, determine the value of your investment on
1st, 2020 and the rate at which the value is changing. Include units in your answer.
] A police car is travelling north at 60 km/h and is chasing a speeding motorcycle that has just turned right at an