5000 * e^0.10x
see what you can do with that
Natalie has $5000 and decides to put her money in the bank in an account that has a 10% interest rate that is compounded continuously.
What type of exponential model is Natalie’s situation?
Write the model equation for Natalie’s situation
How much money will Natalie have after 2 years?
How much money will Natalie have after 10 years?
3 answers
Exponential function where
Amount = 5000 e^(.1t)
replace t with 2 and with 10
let me know what you got for "after 2 years" to make sure your getting it correct
Amount = 5000 e^(.1t)
replace t with 2 and with 10
let me know what you got for "after 2 years" to make sure your getting it correct
i got 6107.01
is that right?
is that right?
2 answers