Suppose that $14,405 is invested at an interest rate of % per year, compounded continuously. a) Find the exponential function that describes the amount in the account after time t, in years.
b) What is the balance after 1 year? 2 years? 5 years? 10 years?
c) What is the doubling time?

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DrDre02

07.03.2022

Mathematics

1.03hope this x

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Suppose that $14,405 is invested at an interest rate of % per year, compounded continuously. a) Find the exponential function that describes the amount in the account after time t, in years. b) What is the balance after 1 year? 2 years? 5 years? 10 years? c) What is the doubling time?