![Delgadojacky0206](/avatars/9141.jpg)
Delgadojacky0206
29.01.2020 •
Mathematics
Suppose that $12,724 is invested at an interest rate of 6.1% per year, compounded continuously. find the exponential function that describes the amount in the account after time t, in years. what is the balance after 1 year, 2 years, 5 years, 10 years. what is the doubling time
Solved
Show answers
More tips
- C Computers and Internet How to Learn to Type Fast?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home Parents or Environment: Who Has the Most Influence on a Child s Upbringing?...
- H Health and Medicine Is it true that working with a computer is harmful to your eyesight?...
- H Health and Medicine Boosting Immunity: A Complete Guide on How to Improve Your Body’s Natural Defenses...
- P Philosophy Unidentified Flying Object - What is the Nature of this Phenomenon?...
- C Computers and Internet How to Teach Older Generations to Work with Computers?...
- G Goods and services How to Choose a Coffee Maker? The Ultimate Guide for Coffee Lovers...
- C Computers and Internet Porn Banner: What It Is and How to Get Rid Of It?...
- F Food and Cooking How many stages of coffee roasting are there?...
Answers on questions: Mathematics
- M Mathematics Mary wants to spend no more than $120 for her boat rental. There is a flat fee of $13, and it costs $20 each hour. How many hours can she rent the boat?...
- M Mathematics Sara is painting her house. to paint the second floor, she needs to lean her 15 foot ladder against her house to reach a point that is 11 feet above the ground A) What...
- M Mathematics A football team won 16 games last year. This year the team won 20 games. What is the percent increase in the number of games the team won from last year to this year?...
- M Mathematics 1. The circumference of a circle masures inft What is the measure of the diameter of this circle?...
- M Mathematics Which graph represents the function f(x) = x| - 4?...
- M Mathematics Can someone help me pls with these?!...
- M Mathematics 1. Ellen had 2 ¼ metres of ribbon. If she used ⅓ of this, how much did she use? 2. An employer pays his factory worker $6.25 an hour. What does he have to pay 100 workers...
- M Mathematics Slope =1 /2 point passes through the (-8,1) what is the equation...
- M Mathematics What is the surface area of the right cone below?...
- M Mathematics A transformation was performed on a coordinate plane. What transformation will result in an image that is similar to, but not congruent to the original figure?...
Ответ:
Exponential Function:![A= P* e ^ {0.061t}](/tpl/images/0482/0523/cc983.png)
Balance after
t=1 $ 13,524.32
t=2 $ 14,374.99
t=5 $ 17,261.69
t=10 $ 23,417.64
Step-by-step explanation:
Formula used to find amount in the account after time t, given the interest rate is compounded continuously
where: P= principal amount or amount invested
r= interest rate
t= time
A= amount after time t
in our question we are given:
P=$12,724
r= 6.1% or 0.061
The above equation is exponential function that describes the amount in the account after time t in years
Now, for t = 1
A= $ 13,524.32
t=2
A= $ 14,374.99
t= 5
A= $ 17,261.69
t=10
A= $ 23,417.64
Ответ: