Charles R.

asked • 12/06/18

What is the exponential growth function in terms of P and 0.03?

Suppose that ap is invested in a savings account in which interest k is coumpounded continuously at 3% per year. The balance P(t) after time t, in years, is P(t) is P(t)=PeKT

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.