Suppose you invest $10,000 at a rate of 4%
Assume the money is being compounded continuously
so the function is
f(t)= 10000e^(.04*t)
t=time
How fast is is the money growing ( In units of dollars per year)
at the moment of your initial investment?
How fast is is the money growing after 2 years ( In units of dollars per year)?
Assume the money is being compounded continuously
so the function is
f(t)= 10000e^(.04*t)
t=time
How fast is is the money growing ( In units of dollars per year)
at the moment of your initial investment?
How fast is is the money growing after 2 years ( In units of dollars per year)?
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100