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webbhlharryteach
23.08.2020 •
Mathematics
You deposit $3000 in a savings account that earns 2.9% annual interest compounded monthly. You also save $80 per month in a safe at home. Write a function for the total amount of money saved C(t)=b(t)+h(t), where b(t) represents the balance of your savings account and h(t) represents the amount in your safe after t years. Round any decimals to three decimal places.
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Ответ:
C(t)=3000(1.002417)^12t+960t
if T=1 year then the saving will be : 4048.17
Step-by-step explanation:
3000 deposit amount, 2.9 compound monthly interest . save 80 dollars per month at home .
A=p(1+r)^t
A=3000(1+0.029/12)^12t
A=3000(1.002417)^12t dollars
for the amount saved at home=80*12t=960t dollars
C(t)=3000(1.002417)^12t+960t
if T=1 year then the saving will be :
C(t)=3000(1.002417)^12t+960t
=3088.17+960= 4048.17 dollars
Ответ:
2m+18=24
or,m=6/2
therefore,m=3