The interest on an account increases exponentially.If an initial investment of $5000 earns $900 in...
90.2K
Verified Solution
Link Copied!
Question
Calculus
The interest on an account increases exponentially.If an initial investment of $5000 earns $900 in two years, what is the rate of increase at the end of that second year?A. $500.00B. $488.52C. $462.17D. $450.00
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!