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Write and graph a function to show how much money someone will have if they invest $1000 at a 5% interest rate compounded continuously. Let y represent the money earned after x years.

Write and graph a function to show how much money someone will have if they invest $1000 at a 5% interest rate compounded continuously. Let y represent the money earned after x years.

Advanced Engineering Mathematics
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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Write and graph a function to show how much money someone will have if they invest $1000 at a 5% interest rate compounded continuously. Let y represent the money earned after x years. + 4500 66 Type your function below: 2 4000 3 Use the graph to answer the following: 3500 How much money will they have after 1 year? Answer in the box below. (Hint: Graph x = 1 and find the intersection.) 3000 2500 66 How much money will they have after 3 years? 2000 1500 How much money will there be after 11 years? 1000 500 10 How many years will it take to have $3000? 11 -18 -16 -14 -12 -10 -8 -2 10 12 14 16 18 20 22 24 12 -500 -1000- 4 + I *
Transcribed Image Text:Write and graph a function to show how much money someone will have if they invest $1000 at a 5% interest rate compounded continuously. Let y represent the money earned after x years. + 4500 66 Type your function below: 2 4000 3 Use the graph to answer the following: 3500 How much money will they have after 1 year? Answer in the box below. (Hint: Graph x = 1 and find the intersection.) 3000 2500 66 How much money will they have after 3 years? 2000 1500 How much money will there be after 11 years? 1000 500 10 How many years will it take to have $3000? 11 -18 -16 -14 -12 -10 -8 -2 10 12 14 16 18 20 22 24 12 -500 -1000- 4 + I *
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