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OpenStudy (spareb665):
Suppose that $2500 is invested at interest rate k, compounded continuously, and grows to $4000.00 after 5 years. a. What is the interest rate? b. Find the exponential growth function. c. What will the balance be after 10 years? d. After how long will the $2500 have doubled?
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OpenStudy (tkhunny):
\(2500e^{5k} = 4000\)?
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