The formula A =Pet describes the accumulated value, A, of a sum of money, P, the principal, after t years at annual percentage rate r (in decimal form) compounded continuously. Complete the table for a savinc account subject to continuous compounding. Amount Invested Annual Interest Rate $7500 Accumulated Amount Double the amount invested Time t in Years 9% t years (Do not round until the final answer. Then round to one decimal place as needed.)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The formula A Pe" describes the accumulated value, A, of a sum of money, P, the principal, aftert years at annual percentage rate r (in decimal form) compounded continuously. Complete the table for a savings
account subject to continuous compounding.
Amount Invested Annual Interest Rate
Accumulated Amount
Time t in Years
$7500
9%
Double the amount invested
?
years
(Do not round until the final answer. Then round to one decimal place as needed.)
Enter your answer in the answer box.
MacBook
DII
DD
F11
F10
000
O00
F9
F8
F6
F 7
F5
F4
esc
F2
F3
F1
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#3
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Transcribed Image Text:rt The formula A Pe" describes the accumulated value, A, of a sum of money, P, the principal, aftert years at annual percentage rate r (in decimal form) compounded continuously. Complete the table for a savings account subject to continuous compounding. Amount Invested Annual Interest Rate Accumulated Amount Time t in Years $7500 9% Double the amount invested ? years (Do not round until the final answer. Then round to one decimal place as needed.) Enter your answer in the answer box. MacBook DII DD F11 F10 000 O00 F9 F8 F6 F 7 F5 F4 esc F2 F3 F1 & #3 %24 1 2 4 5 E R. T Y J 00
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