3 years ago

Suppose $500 is invested in an account at an annual interest rate of r =5.5%, compounded continuously.

1 answer:

4 0

Answer: a) A(t)= $500(1.055)^t

b) Amount after 9 years A(9) = $809.55

Amount after 17 years A(17) = $1242.40

Step-by-step explanation: shown in the attachment.

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