Mathematics, 17.03.2020 16:49 bestielove7425
William deposits S2 170 into an interest-bearing account that is compounded continuously He decides to not deposit or withdraw
any money after the initial deposit. The following function represents the balance of the account which is compounded continuously
at a rate ofr after years
A(t) = $2,170 ert)
If the balance of the account is $2.843 after 3 years, then what is the approximate interest rate of the account?
Answers: 3
![ln(2,843/2,170)=ln[(e)^{3r}]](/tpl/images/0550/5771/d56e5.png)
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William deposits S2 170 into an interest-bearing account that is compounded continuously He decides...
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