You deposit $8000 in an account earning 7% interest compounded continuously. The amount of money in the account after t years is given by A(t) 8000e0.07t How much will you have in the account in 8 years? $ to 2 decimal places. = How long will it be until you have $19700 in the account? your answer to 2 decimal places. How long does it take for the money in the account to double? Round your answer to 2 decimal places. Check Answer Round your answer years. Round years.
You deposit $8000 in an account earning 7% interest compounded continuously. The amount of money in the account after t years is given by A(t) 8000e0.07t How much will you have in the account in 8 years? $ to 2 decimal places. = How long will it be until you have $19700 in the account? your answer to 2 decimal places. How long does it take for the money in the account to double? Round your answer to 2 decimal places. Check Answer Round your answer years. Round years.
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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Question
ou deposit $8000 in an account earning 7% interest compounded continuously. The amount of money in the account after tt years is given by A(t)=8000e0.07tA(t)=8000e0.07t .
How much will you have in the account in 8 years? $ Round your answer to 2 decimal places.
How long will it be until you have $19700 in the account? years. Round your answer to 2 decimal places.
How long does it take for the money in the account to double? years. Round your answer to 2 decimal places.
Transcribed Image Text:You deposit $8000 in an account earning 7% interest compounded continuously. The amount of
money in the account after t years is given by A(t) = 8000e0.07t
How much will you have in the account in 8 years? $
to 2 decimal places.
How long will it be until you have $19700 in the account?
your answer to 2 decimal places.
How long does it take for the money in the account to double?
Round your answer to 2 decimal places.
Check Answer
Round your answer
years. Round
years.
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