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Jake's investment account is compounded continuously at a rate of 8% per year. After 3 years, his account has a balance of $10,000. Which function could be used to model th…

Jake's investment account is compounded continuously at a rate of 8% per year. After 3 years, his account has a balance of $10,000. Which function could be used to model th…
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Jake's investment account is compounded continuously at a rate of 8% per year. After 3 years, his account has a balance of $10,000. Which function could be used to model the value, A(t), of Jake's account t years since it was opened?

User Nirav Kalola
by
7.8k points

1 Answer

3 votes

Answer:

10,000 × .08 = 800.

Explanation:

2400 interest in 3 yrs

User Den Isahac
by
7.3k points
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