Functions Modeling Change: A Preparation for Calculus, 5th Edition

Published by Wiley
ISBN 10: 1118583191
ISBN 13: 978-1-11858-319-7

Chapter 4 - Exponential Functions - Strengthen Your Understanding - Page 182: 32



Work Step by Step

We find the amount earned after 18 years: $$ B=Pe^{rt} \\ B=(1000)e^{.055(18)} \\ B=2691$$ Thus, by 18 years, the amount will be far above 2000 dollars.
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