Suppose that 2¢ is deposited in a savings account paying 1% annual interest compounded continuously. How much money will have accrued in the account after 2000 years?
What is the future value of 2¢ in 2000 years if the account pays 2% annual interest compounded continuously?
The amount remaining of a radioactive substance after t hours is given by
A(t) = 100ekt.
After 12 hours, the initial amount has decreased by 4%. How much remains after 48 hours?
What is the half-life of the substance?