SOLUTION: If $9,000 is invested for t years at 8% interest compounded continuously, the future value is given by s = 9,000e^0.08t dollars. a) graph this function for 0 ≤ t ≤ 15

Algebra ->  Probability-and-statistics -> SOLUTION: If $9,000 is invested for t years at 8% interest compounded continuously, the future value is given by s = 9,000e^0.08t dollars. a) graph this function for 0 ≤ t ≤ 15      Log On


   

Question 133129: If $9,000 is invested for t years at 8% interest compounded continuously, the future value is given by s = 9,000e^0.08t dollars.
a) graph this function for 0 ≤ t ≤ 15
b) use the graph to estimate when the future will be $16,000
Thank you for your help!
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
If $9,000 is invested for t years at 8% interest compounded continuously, the future value is given by s = 9,000e^0.08t dollars.
a) graph this function for 0 < t < 15
y = 9000*e(0.08t)
graph%28400%2C300%2C-5%2C10%2C-1500%2C20000%2C9000%282.71828%29%5E%280.08x%29%29
b) use the graph to estimate when the future will be $16,000
t = 7.2
Cheers,
Stan H.