Author Question: Suppose that P0is invested in a savings account in which interest is compounded continuously at 5.9% ... (Read 94 times)

captainjonesify · **on:** Jun 16, 2021

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

cdmart10 · **Reply #1 on:** Jun 16, 2021

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