9) An investment of $20,000 earns interest at an annual rate of 3.6% compounded continuously. a) Find the instantaneous rate of
change of the amount in the account after 3 years. b) Find the instantaneous rate of change of the amount in the account when the amount is equal to $25,000.
1 answer:
Answer:
a) The instantaneous rate of change of the amount in the account after 3 years = dA/dt = 802.114
b) The instantaneous rate of change of the amount in the account when the amount is equal to $25,000 = dA/dt = 900
Explanation:
The detailed step by step and appropriate derivation is as shown in the attachment
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