Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $12,572. Round to the nearest cent. per year.

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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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.
Use the Continuous Compound Interest II information above to answer
this question.
Find the instantaneous rate of change in the amount in the account at
the time the amount is equal to $12,572. 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 at the time the amount is equal to $12,572. Round to the nearest cent. $ per year.
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