How do you reduce 24/16?
2 answers:
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Answer:
A.
B.
Step-by-step explanation:
Given that:
An investment of Amount = $8000
earns at an annual rate of interest = 7% = 0.07 compounded continuously
The objective is to :
A) Find the instantaneous rate of change of the amount in the account after 2 year(s).
we all know that:
where;
The instantaneous rate of change =
At t = 2 years; the instantaneous rate of change is:
(B) Find the instantaneous rate of change of the amount in the account at the time the amount is equal to $12,000.
Here the amount = 12000
㏑(1.5) = 0.07 t
0.405465 = 0.07 t
t = 0.405465 /0.07
t = 5.79
At t = 5.79