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Extraneous solutions • Solve:
Applications • You have deposited $500 in an account that pays 6.75% interest, compounded continuously. How long will it take your money to double?
Average salary • In a specific field the average salary from 1980 to 2000 can be modeled by the equation where 10<t<30 and t = 10 represents 1980. What year did the average salary reach $40,000?
Example • If I invest $500 in an account which compounds continuously, and after 10 years I have $1385.25, what is the annual rate?
Homework • Pg 213 #111, 112, 113, • Pg 224 #7 - 14