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Suppose that $ 16,341 is invested at an interest rate of 6.8 % per year, compounded continuously. Find the exponential function that describes the...

Suppose that ​$16,341 is invested at an interest rate of 6.8​% 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?

Top Answer

our Principal is P = ​$16,341 rate r= 6.8% = 0.068 the exponential function that describes the amount(A) in the account... View the full answer

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Other Answers

The exponential function that describes the amount in the account after time​ t, in years is 16341*e... View the full answer

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