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Suppose that $ 16,124 is invested at an interest rate of 5.2 % per year, compounded continuously. Find the exponential function that describes the...

Suppose that ​$16,124 is invested at an interest rate of 5.2% per​ year, compounded continuously.


Find the exponential function that describes the amount in the account after time​ t, in years.


What is the balance after 1​ year? 2​ years? 5​ years? 10​ years?


What is the doubling​ time?

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Find the exponential function that describes the amount in the account after time​ t, in years. The exponential growth... View the full answer

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find the exponential function that describes the amount in the account after time​ t, in years. A=Pe rt where A is the... View the full answer

2 comments
  • What would the doubling time be in this particular problem??
    • sonofstimpy
    • Apr 04, 2018 at 11:34am
  • thus, $32,248 = $16,124e^0.052t 0.6931 = 0.052 t t = 13.33 years doubling time is 13.33 years
    • Proauthor
    • Apr 04, 2018 at 12:08pm

The exponential function that describes the amount in the account after time​ t, in years is 16124*e... View the full answer

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