Suppose that in 1693, a man bought a diamond worth the equivalent of $34. Suppose that the man had instead been able to put the equivalent of $34 in a bank at 3% interest compounded continuously. What would that $34 have been worth in 2000? In 2000, the $34 would have been worth $ (Do not round until the final answer. Then round to the nearest dollar as needed.)
Suppose that in 1693, a man bought a diamond worth the equivalent of $34. Suppose that the man had instead been able to put the equivalent of $34 in a bank at 3% interest compounded continuously. What would that $34 have been worth in 2000? In 2000, the $34 would have been worth $ (Do not round until the final answer. Then round to the nearest dollar as needed.)
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Question
Question content area top
Part 1
Suppose that in
16931693,
a man bought a diamond worth the equivalent of
$3434.
Suppose that the man had instead been able to put the equivalent of
$3434
in a bank at
33%
interest compounded continuously. What would that
$3434
have been worth in
20002000?
Question content area bottom
Part 1
In
20002000,
the
$3434
would have been worth
$enter your response here.
(Do not round until the final answer. Then round to the nearest dollar as needed.)
Transcribed Image Text:Suppose that in 1693, a man bought a diamond worth the equivalent of $34. Suppose that the man had instead been able to put the equivalent of $34 in a bank at 3% interest compounded
continuously. What would that $34 have been worth in 2000?
In 2000, the $34 would have been worth $
(Do not round until the final answer. Then round to the nearest dollar as needed.)
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