Continuous Compound Interest. An investment of $25,000 earns interest at an annual rate of 8.4% compounded continuously. A. Find the instantaneous rate of change of the amount in the account after 2 years. B. Find the instantaneous rate of change of the amount in the account at the time the amount is equal to $30,000.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 26E
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Continuous Compound Interest. An investment of $25,000 earns interest at an annual rate of
8.4% compounded continuously.
A. Find the instantaneous rate of change of the amount in the account after 2 years.
B. Find the instantaneous rate of change of the amount in the account at the time the amount
is equal to $30,000.
Transcribed Image Text:Continuous Compound Interest. An investment of $25,000 earns interest at an annual rate of 8.4% compounded continuously. A. Find the instantaneous rate of change of the amount in the account after 2 years. B. Find the instantaneous rate of change of the amount in the account at the time the amount is equal to $30,000.
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