Concept explainers
a.
To find equations that model the growth of each investment and graph the models over a
a.

Explanation of Solution
Given information:
The given statement is:
“There are three options for investing
Graph:
The equations that model the growth of each investment are:
Compounded annually:
Compounded quarterly:
Compounded continuously:
The graph of the equations are:
b.
To find which investment will return the highest return after
b.

Answer to Problem 76E
The interest compounded continuously yields the highest return.
The second investment yields
Explanation of Solution
Given information:
The given statement is:
“There are three options for investing
As it is seen from the graph, the interest compounded continuously yields the highest return.
The differences in earning among the three investment can be calculated by:
Compounded annually:
Compounded quarterly:
Compounded continuously:
Hence, the second investment yields
Chapter 3 Solutions
PRECALCULUS W/LIMITS:GRAPH.APPROACH(HS)
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning





