Solve the problem. 3) The function given by y=f(x) shows the value of $5000 invested at 5% interest compounded continuously, x years after the money was originally invested. Find the average amount earned per year between the 20th year and 25th year. y (Syrs f(x) = mx +b Value ($) 32000+ 28000- 24000+ 20000+ 16000- 12000- (20, 13,591) (15, 10,585) (30, 22,408) (25, 17,452) (20,13,591) (25, 17,452) 3861 lisail sovigodi of follerng sail to se 5 novig $772.2/per suil a'lo se
Solve the problem. 3) The function given by y=f(x) shows the value of $5000 invested at 5% interest compounded continuously, x years after the money was originally invested. Find the average amount earned per year between the 20th year and 25th year. y (Syrs f(x) = mx +b Value ($) 32000+ 28000- 24000+ 20000+ 16000- 12000- (20, 13,591) (15, 10,585) (30, 22,408) (25, 17,452) (20,13,591) (25, 17,452) 3861 lisail sovigodi of follerng sail to se 5 novig $772.2/per suil a'lo se
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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Solve the problem type question. I’m stuck on how to use the formula for solving the average amount earned per year between the 20th and 25th year.
Expert Solution
Step 1
Given that,
Initial Investment (P) = $5000
Rate of interest (r) = 5% compounded continuously.
As we know that amount after x year of original investment is
A=Pe(rx)
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