Problem 9c. Suppose you invest $1.00 at 6% annual interest. Calcualte the amount that is compounded continuosly.(adsbygoogle = window.adsbygoogle || []).push({});

This is what I have done:

A=Pe^rt

=1.00e^(0.06)(1) Is this right so far?

Problem 11b.

A population of ladybugs rapidly multiplies so that population t days form now is given by A(t)=3000e^(0.01)(t). How many will be present in a week?

A(t)=3000e^(0.01)(7)

= 3000.56 Is this right?

Problem 12. Suppose that $10,00 is invested at an annual rate of 9% and that interest is compounded every second for 365 days. Find the value of this investment at the end of one year. Compare this answer with the value of 10,000e^0.09.

This is what I have done:

P(t)=Pe^rt

=10,000e^(0.09)(31536000)

=10,000e^2838240

=26,141,156.46

Is this right?

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# Homework Help: Exponent H.W.

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