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What is the interest rate earned by the account

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Reference no: EM131602634

Question: The balance in a bank account t years after money is deposited is given by f(t) = 1000e0.08t dollars.

(a) How much money was deposited? What is the interest rate earned by the account?

(b) Find f(10) and f'(10). Give units and interpret in terms of balance in the account.

Reference no: EM131602634

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