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Sue opens a bank account with $1 and an interest rate of 3% per year,...

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Basic Math

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Sue opens a bank account with $1 and an interest rate of 3% per year, compounded continuously. The amount of money in the account can be described by A = le^=(1.03)Assuming interest is being paid continuously, what is the instantaneous rate of change of the account at t = 10 years?The instantaneous rate of change of the account at t = 10 years is $3 per year.The instantaneous rate of change of the account at t= 10 years is $30,624 per year.The instantaneous rate of change of the account at t= 10 years is $20 per year.The instantaneous rate of change of the account at t = 10 years is $306 per year.

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