OpenStax, Algebra and Trigonometry 2e §6.1 Exponential Functions · Exercise 51 · Algebra · Exponentials & logarithms

Exponential Functions · Exercise 51

Determine whether the equation represents continuous growth, continuous decay, or neither. Explain.

Suppose an investment account is opened with an initial deposit of $\$ 12, 000 $e a r nin g$ 7.2 \% $in t er es t co m p o u n d e d co n t in u o u s l y . H o w m u c h w i l l t h e a cco u n t b e w or t ha f t er$ 30$ years?

Its source prints no answer for this problem, so there's nothing to check against.

~8 minWritten answer · compare with the solution

OpenStax, Algebra and Trigonometry 2e · §6.1 Exponential Functions · Exercise 51

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