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Suppose that $ 11,638 is invested at an interest rate of 6.6 % per year, compounded continuously. Find the exponential function that describes the...

Suppose that ​$11,638 is invested at an interest rate of 6.6​% 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?



​(Simplify your answers. Round to one decimal place as​ needed.)

Top Answer

Use the formula for continuous compounding is A = Pe rt and plug in... 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 11638*e... View the full answer

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