Question

An investment of 9,000 earns interest at an annual rate of 7% compounded continuously. Find the...

An investment of 9,000 earns interest at an annual rate of 7% compounded continuously. Find the instantaneous rate of change of the amount in the account after 1 year.

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
suppose $5000 is invested in an account at an annual interest rate of 6.8% compounded continuously....
suppose $5000 is invested in an account at an annual interest rate of 6.8% compounded continuously. How long (to the nearest tenth of a year) will it take the investment to double in size?
Suppose $5,400 is invested in an account at an annual interest rate of 3.9% compounded continuously....
Suppose $5,400 is invested in an account at an annual interest rate of 3.9% compounded continuously. How long (to the nearest tenth of a year) will it take the investment to double in size? Answer:
A) Find the interest rate needed for an investment of $8,000 to double in 14 yr...
A) Find the interest rate needed for an investment of $8,000 to double in 14 yr if interest is compounded monthly. B)How long will it take for an investment of $10,000 to grow to $12,500 if the investment earns interest at the rate of 8%/year compounded annually? C)How long will it take for an investment of $15,000 to double if the investment earns interest at the rate of 7%/year compounded continuously?
7. What is the effective annual interest rate for a bank account that pays a continuously...
7. What is the effective annual interest rate for a bank account that pays a continuously compounded interest rate of 8%?
$2000 is deposited with an annual interest of 2% compounded continuously. (a) Find the balance of...
$2000 is deposited with an annual interest of 2% compounded continuously. (a) Find the balance of the account in 5 years (b) How long will it take for the money to become 3 times at this rate?
When interest is compounded continuously, the amount of money increases at a rate proportional to the...
When interest is compounded continuously, the amount of money increases at a rate proportional to the amount S present at time t, that is, dS/dt = rS, where r is the annual rate of interest. (a) Find the amount of money accrued at the end of 8 years when $5000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (Round your answer to the nearest cent.) $ (b) In how many years will the...
When interest is compounded continuously, the amount of money increases at a rate proportional to the...
When interest is compounded continuously, the amount of money increases at a rate proportional to the amount S present at time t, that is, dS/dt = rS, where r is the annual rate of interest. (a) Find the amount of money accrued at the end of 8 years when $5000 is deposited in a savings account drawing 5 3/4 % annual interest compounded continuously. (Round your answer to the nearest cent.) $ (b) this is the part I’m having the...
Suppose we have an investment that earns interest compounded continuously and it takes 12 years for...
Suppose we have an investment that earns interest compounded continuously and it takes 12 years for an initial investment of 20,000 to grow to 80,000 under this investment. How long does it take for the same initial investment of 20,000 to grow to 60,000?
1- For an annual interest rate of 10% compounded continuously what it will be the effective...
1- For an annual interest rate of 10% compounded continuously what it will be the effective annual interest rate? 2. For an annual interest rate of 10% compounded quarterly what it will be the effective annual interest rate? 3. For a monthly interest rate of 1.2 % compounded quarterly what it will be the effective annual interest rate?
Aryanna invests $30,000 today into an investment that earns 5% annually, but interest is compounded continuously....
Aryanna invests $30,000 today into an investment that earns 5% annually, but interest is compounded continuously. What is the future value of this investment 15 years from today? Select one: a. $63,500 b. $72,300 c. $81,100 d. $67,500 e. $62,400
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT