Question: The future value that accrues when $700 is invested at 9%, compounded continuously, is S(t) = 700e0.09t where t is the number of years. (a)
The future value that accrues when $700 is invested at 9%, compounded continuously, is
S(t) = 700e0.09t
where t is the number of years.
(a) At what rate is the money in this account growing when t = 4?
(b) At what rate is it growing when t =10?
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