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

- 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