If an amount Po is invested in the Mandelbrot Bond Fund and interest is compounded continuously at 6.8% per year, the balance P grows at the rate given dP = 0.068P. dt a) Find the function that satisfies the equation. Write it in terms of Po and 0.068. b) Suppose that $1500 is invested. What is the balance after 1 year? After 3 years? c) What is the rate of change of the balance after 1 year? After 3 years? a) P(t) = b) The balance after 1 year is $ The balance after 3 years is $ (Type integers or decimals rounded to two decimal places as needed.) c) The rate of change of the balance after 1 year is The rate of change of the balance after 3 years is (Type integers or decimals rounded to two decimal places as needed.)
If an amount Po is invested in the Mandelbrot Bond Fund and interest is compounded continuously at 6.8% per year, the balance P grows at the rate given dP = 0.068P. dt a) Find the function that satisfies the equation. Write it in terms of Po and 0.068. b) Suppose that $1500 is invested. What is the balance after 1 year? After 3 years? c) What is the rate of change of the balance after 1 year? After 3 years? a) P(t) = b) The balance after 1 year is $ The balance after 3 years is $ (Type integers or decimals rounded to two decimal places as needed.) c) The rate of change of the balance after 1 year is The rate of change of the balance after 3 years is (Type integers or decimals rounded to two decimal places as needed.)
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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