An investment of $5000 is made at 6% compounded annually. The amount of money in the investment is modeled by the equation A(t) = 5000(1.06)t where A(t) is the amount the investment is currently worth and t is the number of years since the investment was started. How do you find the instantaneous rate of change in the value of the investment at 7 years?
An investment of $5000 is made at 6% compounded annually. The amount of money in the investment is modeled by the equation A(t) = 5000(1.06)t where A(t) is the amount the investment is currently worth and t is the number of years since the investment was started. How do you find the instantaneous rate of change in the value of the investment at 7 years?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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An investment of $5000 is made at 6% compounded annually. The amount of money in the investment is modeled by the equation A(t) = 5000(1.06)t where A(t) is the amount the investment is currently worth and t is the number of years since the investment was started. How do you find the instantaneous rate of change in the value of the investment at 7 years?
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