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0.07t count after t years is given by A = 4000e⁰ ow much will you have in the account in 8 years? $ Round your answer to cimal places. w long will it be until you have $14200 in the account?

0.07t count after t years is given by A = 4000e⁰ ow much will you have in the account in 8 years? $ Round your answer to cimal places. w long will it be until you have $14200 in the account?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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You deposit $4000 in an account earning 7% interest compounded continuously. The amount of money, A, in the account after t years is given by A = 4000e0.07. How much will you have in the account in 8 years? $ Round your answer to 2 decimal places. How long will it be until you have $14200 in the account? years. Round your answer to 2 decimal places. How long does it take for the money in the account to double? years. Round your answer to 2 decimal places.
Transcribed Image Text:You deposit $4000 in an account earning 7% interest compounded continuously. The amount of money, A, in the account after t years is given by A = 4000e0.07. How much will you have in the account in 8 years? $ Round your answer to 2 decimal places. How long will it be until you have $14200 in the account? years. Round your answer to 2 decimal places. How long does it take for the money in the account to double? years. Round your answer to 2 decimal places.
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