Melymarrupe1345
24.10.2019 •
Mathematics
Tim deposits money in a certificate of deposit account. the balance (in dollars) in his account t years after making
the deposit is given by t(t) = 1000(1.06)t for t ≥ 0
c. by what percentages does the value of t(t) grow every two years? (hint: use your recursive formula to write
t(n + 2) in terms of t(
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Ответ:
12.36%
Step-by-step explanation:
For year 1:
T(1) = 1000(1.06)¹
T(1) = 1060
After two years, t = 3
T(3) = 1000(1.06)³
T(3) = 1191.06
The percent of the increase is
[(T(3) - T(2)/T(2)]*100%
[(1191.06 - 1060)/1060]*100%
12.36%
Ответ:
A
Step-by-step explanation: