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Naddik [55]
3 years ago
11

Use the continuous change function A ( t ) = P e r t to answer the question. You invest $10,500 in an account that grows 3.75% e

ach year. What will be your investment amount after 9 years? A. $14,715.12 B. $14781.48 C. $15,049.96 D. $16,785.21
Mathematics
1 answer:
Mariana [72]3 years ago
8 0

<u>Answer-</u>

<em>Your investment amount after 9 years will be </em><em>$14,715.12</em>

<u>Solution-</u>

The function is,

A(t)=Pe^{r.t}

Where,

e = Euler's constant,

P = capital

A = future value

r = annual rate of interest

Putting the values,

A(t)=10500e^{(0.0375\times 9)}

=10500e^{0.3375}

=10500\times 1.4014

=14715.12

Therefore, y<em>our investment amount after 9 years will be </em><em>$14,715.12</em>

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=================================================

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8 0
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