Mathematics, 13.05.2021 01:50 ghernadez
14. A savings account earns interest by being compounded continuously. The account initially had $1,500 deposited in it. The worth of the account after 1-years can be calculated using the formula: 1(t)=1500e03
(a) By what percent will the worth of the account increase per year? Round to the nearest hundredth of a percent.
(b) To the nearest tenth of a year, how many years will it take for the worth of the account to double?
Answers: 2
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14. A savings account earns interest by being compounded continuously. The account initially had $1,...
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