Continuous growth and decay
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- On Aiden's 10-year-old birthday, he deposited $20 in a savings account that
offered an interest rate of 4% compounded continuously. How much money
will Aiden have in the account when he retires at the age of 60?
- A radioactive substance decays continuously. If the half-life of the substance
is 5 years, determine the rate of decay.