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
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
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 31HP
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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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6077164d-83d9-436f-82f2-c26beeb11d65%2F4c5933b6-bf70-4d11-a2d8-1e2d024a58f5%2F8iwmycf_processed.jpeg&w=3840&q=75)
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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