Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $13,147. 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.
Find the instantaneous rate of change in the amount in the account at the time the amount is
equal to $13,147. Round to the nearest cent.
$
per year.
Transcribed Image Text:Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $13,147. Round to the nearest cent. $ per year.
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