You invest $3,200 in an account that pays an interest rate of 7.25%, compounded continuously. Calculate the balance of your acco
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c(x) is a function, then we will solve the problem for two different functions.
1. If
Then
Using each of the values for x we have.
When x=0 the result is:
When x=0.008 the result is:
When x=0.027 the result is:
When x=0.064 the result is:
When x=0.125 the result is:
When x=0.216 the result is:
When x=0.343 the result is:
When x=0.512 the result is:
When x=0.729 the result is:
When x=1 the result is:
2. If
Then
Using each of the values for x we have.
When x=0 the result is:
When x=0.008 the result is:
When x=0.027 the result is:
When x=0.064 the result is:
When x=0.125 the result is:
When x=0.216 the result is:
When x=0.343 the result is:
When x=0.512 the result is:
When x=0.729 the result is:
When x=1 the result is: