When $1
is invested in an account over a 10-year period, the amount A
in the account after t
years is given by
A=1+0.06t
or A=(1+0.055365)365t
depending on whether the account pays simple interest at 6%
or compound interest at 512%
compounded daily. Use a graphing utility to graph each function in the same viewing window. Which grows at a greater rate?
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