An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously. Find the instantaneous rate of change in the amount in the account after 1 years (in dollars per year). Round to the nearest cent. $ ______per year. Then, find the instantaneous rate of change in the amount in the account at the time the amount is equal to $13,441. Round to the nearest cent. $ _____per year.
An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously. Find the instantaneous rate of change in the amount in the account after 1 years (in dollars per year). Round to the nearest cent. $ ______per year. Then, find the instantaneous rate of change in the amount in the account at the time the amount is equal to $13,441. Round to the nearest cent. $ _____per year.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously.
Find the instantaneous rate of change in the amount in the account after 1 years (in dollars per year). Round to the nearest cent.
$ ______per year.
Then, find the instantaneous rate of change in the amount in the account at the time the amount is equal to $13,441. Round to the nearest cent.
$ _____per year.
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