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Author Question: Suppose that P0is invested in a savings account in which interest is compounded continuously at 5.9% ... (Read 97 times)

captainjonesify

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Question 1

In 1990, a company's profit was 44.6 million dollars. In 2000, the company's profit was 121.2 million dollars. Assume that the growth of the company's profit follows the exponential model and use 1990 as the base  Estimate what the company's profit will be in 2010.
◦ $247.2 million
◦ $593.2 million
◦ $659.1 million
◦ $329.6 million

Question 2

Suppose that P0 is invested in a savings account in which interest is compounded continuously at 5.9% per year. That is, the balance P grows at the rate given by  Suppose that $8000 is invested. What is the balance after 3 years?
◦ $9549.05
◦ $7161.79
◦ $4774.52
◦ $2387.26


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Marked as best answer by captainjonesify on Jun 16, 2021

cdmart10

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captainjonesify

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Reply 2 on: Jun 16, 2021
Excellent


atrochim

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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