Determining exponential growth function

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Solve the problem.

Randy invested his inheritance in an account that paid 6.1% interest, compounded continuously. After 5 years, he found that he now had $51,426.94. What was the original amount of his inheritance?

Solve the problem.

In 1998, the population of a given country was 37 million, and the exponential growth rate was 5% per year. Find the exponential growth function.

Reference no: EM13118874

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