Question

Suppose you invest $6,400 in an account that pays 4.5% interest per year, compounded continuously. (a) What is the amount (in $) after 3 years? (Round your answer to the nearest cent.) $ (b) How long (in yr) will it take for the amount to be $9,000? (Round your answer to two decimal places.) yr

          Suppose you invest $6,400 in an account that pays 4.5% interest per year, compounded continuously.
(a) What is the amount (in $) after 3 years? (Round your answer to the nearest cent.)
$
(b) How long (in yr) will it take for the amount to be $9,000? (Round your answer to two decimal places.)
yr

Suppose you invest 6,400 in an account that pays 4.5% interest per year, compounded continuously.
(a) What is the amount (in) after 3 years? (Round your answer to the nearest cent.)
(b) How long (in yr) will it take for the amount to be9,000? (Round your answer to two decimal places.)
yr

Added by Curtis B.

Precalculus with Limits

Ron Larson 2nd Edition

Instant Answer

Solved by Expert Ahmet Yavas

03/29/2022

Step 1

71828) r = annual interest rate (4.5% or 0.045) t = time in years (3 years) Show more…

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Suppose you invest $6,400 in an account that pays 4.5% interest per year, compounded continuously. (a) What is the amount (in $) after 3 years? (Round your answer to the nearest cent.) $ (b) How long (in yr) will it take for the amount to be $9,000 ? (Round your answer to two decimal places.) ir Suppose you invest $6,400 in an account that pays 4.5% interest per year, compounded continuously (a) What is the amount (in $) after 3 years? (Round your answer to the nearest cent.) b) How long (in yr) will it take for the amount to be $9,000? (Round your answer to two decimal places.)