Concept explainers
Tocomplete:
The given table for a savings account which is compounded continuously.

Answer to Problem 16E
The completed table is:
Explanation of Solution
Given:
Initial investment in a continuously compounded account is $1000 and it doubles in 12 years.
Formula used:
Amount in a continuously compounded account is given by:
Calculation:
We have been given the initial investment as $1000 and time to double is 12 years.Upon substituting these values in the formula for continuously compounded interest, we get:
We can rewrite the formula as:
In order to find the amount after 10 years, we will substitute
Therefore, the complete table is:
Chapter 3 Solutions
PRECALCULUS W/LIMITS:GRAPH.APPROACH(HS)
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