**Investment Time Calculation** **Duration of Investment** - \( t = 4 \) years To calculate the resulting amount from an investment after 4 years: **Formula:** \[ A = Pe^{rt} \] - Substitute the known values: \[ A = \$30e^{0.06 \times 4} \] - The calculation leads to: \[ A = \$[\text{enter calculated value here}] \] Remember to round your final answer to the nearest cent.
**Investment Time Calculation** **Duration of Investment** - \( t = 4 \) years To calculate the resulting amount from an investment after 4 years: **Formula:** \[ A = Pe^{rt} \] - Substitute the known values: \[ A = \$30e^{0.06 \times 4} \] - The calculation leads to: \[ A = \$[\text{enter calculated value here}] \] Remember to round your final answer to the nearest cent.
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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How to enter this in the calculaort
![**Investment Time Calculation**
**Duration of Investment**
- \( t = 4 \) years
To calculate the resulting amount from an investment after 4 years:
**Formula:**
\[ A = Pe^{rt} \]
- Substitute the known values:
\[ A = \$30e^{0.06 \times 4} \]
- The calculation leads to:
\[ A = \$[\text{enter calculated value here}] \]
Remember to round your final answer to the nearest cent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe3422d8e-73b2-406a-9c16-6c82a62add6b%2Fcc88ff86-2211-4844-a73e-81d16efb58f8%2Fe3iitt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Investment Time Calculation**
**Duration of Investment**
- \( t = 4 \) years
To calculate the resulting amount from an investment after 4 years:
**Formula:**
\[ A = Pe^{rt} \]
- Substitute the known values:
\[ A = \$30e^{0.06 \times 4} \]
- The calculation leads to:
\[ A = \$[\text{enter calculated value here}] \]
Remember to round your final answer to the nearest cent.
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