An initial amount of 3300 dollars invested in an account at an interest rate of 7.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after 5 years.
An initial amount of 3300 dollars invested in an account at an interest rate of 7.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after 5 years.
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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An initial amount of 3300 dollars invested in an account at an interest rate of 7.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after 5 years.
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