Problem

You deposit $2500 in an account earning 3.75% compounded continuously on January 1, 2005.a...

You deposit $2500 in an account earning 3.75% compounded continuously on January 1, 2005.

a. Find a function that gives the amount in the account after t years.


b. How much is in the account on January 1, 2020?


c. In what month and year will the amount triple?

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Solutions For Problems in Chapter 4.1