A quantity with an initial value of 8200 grows continuously at a rate of o.55% per decade. What is the value of the quantity after 97 years, to the nearest hundredth?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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A quantity with an initial value of 8200 grows
continuously at a rate of o.55% per decade. What
is the value of the quantity after 97 years, to the
nearest hundredth?
Transcribed Image Text:A quantity with an initial value of 8200 grows continuously at a rate of o.55% per decade. What is the value of the quantity after 97 years, to the nearest hundredth?
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