Math Problem Statement
at time t in years, the sales are s(t) = 50e^-t thousands of dollars per year. After two years, all money is invested into bonds that pay interest at a 6.1% rate per year compounded continuously. Calculate the total value of sales over the two year period
Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Exponential Functions
Integral Calculus
Continuous Compounding
Formulas
Exponential decay function: s(t) = 50e^{-t}
Integral of exponential functions
Theorems
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Suitable Grade Level
College Level