An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously. Use this information
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Question:
An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously.
Use this information to answer questions below.
1. Find the instantaneous rate of change in the amount in the account after 2 years (in dollars per year). Round to the nearest cent.
$ per year.
2. Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $14,532. Round to the nearest cent.
$ per year.
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