For Exercises 61-70, use the model A = P e r t or A = P ( 1 + r n ) n t where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11) 69. If $4000 is put aside in a money market account with interest compounded continuously at 2.2%, find the time required for the account to earn $1000. Round to the nearest month.
For Exercises 61-70, use the model A = P e r t or A = P ( 1 + r n ) n t where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11) 69. If $4000 is put aside in a money market account with interest compounded continuously at 2.2%, find the time required for the account to earn $1000. Round to the nearest month.
For Exercises 61-70, use the model
A
=
P
e
r
t
or
A
=
P
(
1
+
r
n
)
n
t
where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11)
69. If $4000 is put aside in a money market account with interest compounded continuously at 2.2%, find the time required for the account to earn $1000. Round to the nearest month.
Solutions of inequalitie
Google Classroom
Mic
Is (-3, 2) a solution of 7x+9y > -3?
Choose 1 answer:
A
Yes
B
No
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