Find the instantaneous rate of change in the amount in the account after 3 years (in dollars per year). Round to the nearest cent. per year. $ LA

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Use the Continuous Compound Interest II information above to answer
this question.
Find the instantaneous rate of change in the amount in the account after
3 years (in dollars per year). Round to the nearest cent.
$
per year.
Transcribed Image Text:Use the Continuous Compound Interest II information above to answer this question. Find the instantaneous rate of change in the amount in the account after 3 years (in dollars per year). Round to the nearest cent. $ per year.
An investment of $10,000 earns interest at an annual rate of 6.7%
compounded continuously.
Transcribed Image Text:An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously.
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