Suppose that P dollars in principal is invested for t years at the given interest rates with continuous c amount that the investment is worth at the end of the given time period. P=$16,000, t= 13 yr (a) 1% interest (b) 2% interest (c) 4.5% interest Part 1 of 3 (a) At 1% interest rate, the investment will be worth S at the end of 13 yr. Part: 1/3

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
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Suppose that P dollars in principal is invested for t years at the given interest rates with continuous co
amount that the investment is worth at the end of the given time period.
P=$16,000, t =13 yr
(a) 1% interest
(b) 2% interest
(c) 4.5% interest
Part 1 of 3
(a) At 1% interest rate, the investment will be worth S
at the end of 13 yr.
Part: 1/3
Part 2 of 3
(b) At 2% Interest rate, the investment will be worth
at the end of 13 yr.
Transcribed Image Text:Suppose that P dollars in principal is invested for t years at the given interest rates with continuous co amount that the investment is worth at the end of the given time period. P=$16,000, t =13 yr (a) 1% interest (b) 2% interest (c) 4.5% interest Part 1 of 3 (a) At 1% interest rate, the investment will be worth S at the end of 13 yr. Part: 1/3 Part 2 of 3 (b) At 2% Interest rate, the investment will be worth at the end of 13 yr.
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