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25.03.2021 •
Mathematics
10. SAVINGS Terrance deposits $650 in a new savings account and $3,250 in a new checking account. The savings account earns 1.5% interest, compounded annually. Terrance has $75 from his weekly paycheck direct deposited into his checking account.
a. Write functions S(t) and C(t) to represent the amount of money Terrance has in his savings and checking accounts, respectively, after t years. Assume he makes no other withdrawals or deposits.
b. Find (C-S)(t) and explain what this function represents.
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