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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?

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

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

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