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Solve each problem. See Examples 6– 8.Refer to Exercise $48(\mathrm{a}) .$ Does the money grow to a greater value under those conditions, or when invested for 7 yr at $3 \%$ compounded continuously?
Algebra
Chapter 12
Inverse, Exponential, and Logarithmic Functions
Section 6
Exponential and Logarithmic Equations; Further Applications
Functions
Exponential and Logarithmic Functions
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Okay, So this is our solution for 48 8 And we also want to find under searching conditions when Artie Value is seven and we have a rate of 3% which is zero point celery. And we're calm pounding continuously. So that means we have the equation. A is equal to p E r t. Well, what's RPI value for part 48? A. That's a 3000. Okay, so we have a is equal to 3000 e. T. Zero point Gerald three times seven. But so let's put that into our calculator and see what we get. Okay, so we see that we yet 3701.3 So this means that we are getting more money and 48 a. Then we are in. If we're calm, pounding continuously with a rate of 3% on and a time of seven years
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