Suppose that $10,083 is invested at an interest rate of 6.8% per year, compounded continuously.

a) Find the exponential function that describes the amount in the account after time t, in years.

b) What is the balance after 1 year? 2 years? 5 years? 10 years?

c) What is the doubling time?

Answers

Answer 1

Answer:

a) The exponential function is [tex]A(t) = 10083(1.068)^t[/tex]

b)

The balance after 1 year is of $10,768.644

The balance after 2 years is of $11,500.91

The balance after 5 years is of $14,010.25.

The balance after 10 years is of $19,467.15

c)

The doubling time is of 10.54 years.

Step-by-step explanation:

Continuously compounded interest:

The amount of money earning after t years, with interest compounded continuously, is given by:

[tex]A(t) = A(0)(1+r)^t[/tex]

In which A(0) is the amount of the initial investment and r is the growth rate, as a decimal.

a) Find the exponential function that describes the amount in the account after time t, in years.

Suppose that $10,083 is invested at an interest rate of 6.8% per year

This means, respectively, that [tex]A(0) = 10083, r = 0.068[/tex]

So

[tex]A(t) = A(0)(1+r)^t[/tex]

[tex]A(t) = 10083(1+0.068)^t[/tex]

[tex]A(t) = 10083(1.068)^t[/tex]

b) What is the balance after 1 year? 2 years? 5 years? 10 years?

After 1 year:

[tex]A(1) = 10083(1.068)^{1} = 10,768.644[/tex]

The balance after 1 year is of $10,768.644

After 2 years:

[tex]A(2) = 10083(1.068)^{2} = 11,500.91[/tex]

The balance after 2 years is of $11,500.91.

After 5 years:

[tex]A(5) = 10083(1.068)^{5} = 14,010.25[/tex]

The balance after 5 years is of $14,010.25.

After 10 years:

[tex]A(10) = 10083(1.068)^{10} = 19,467.15[/tex]

The balance after 10 years is of $19,467.15.

c) What is the doubling time?

This is t for which [tex]A(t) = 2A(0)[/tex]. So

[tex]A(t) = A(0)(1.068)^t[/tex]

[tex](1.068)^t = 2[/tex]

[tex]\log{(1.068)^t} = \log{2}[/tex]

[tex]t\log{1.068} = \log{2}[/tex]

[tex]t = \frac{\log{2}}{\log{1.068}}[/tex]

[tex]t = 10.54[/tex]

The doubling time is of 10.54 years.


Related Questions

Sean and Hope are going bowling. For each person, a game costs $4.25. Shoe rentals are $3.00. Sean gives the clerk $20 for their admission and shoe rental. How much change should he receive? *
1 point
$12.75
$5.50
$9.75
$14.50
PLZ HELPPP ME NEED IT BY TODAYYYYYYYYYY!!!!!!!!!!!!!

Answers

It’s 12.75 u egg head

Answer:

The answer is 5.50.

Step-by-step explanation:

First, you do 4.25+3.00=7.25

Second, 20-7.25=12.75

but read the beggining again it says sean AND hope so repeat the step again.

First, you do 4.25+3.00=7.25

Second, 20-14.50=5.50

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Answers

Answer:

254.47

Step-by-step explanation:

254.469

What is the range of the data set?

Answers

Answer:

3-15

Step-by-step explanation:

Answer:

12

Step-by-1step explanation:

THE RANGE IS THE BIGGEST NUMBER MINUS THE SMALLEST NUMBER SO 15 - 3 = 12 (sorry for caps lock)

Hope this helps!! Have a great day and don't forget, you are loved.

24 to the second power divided by 47

Answers

12,26 (rounded off to 2 decimals)

Answer:

[tex]\frac{576}{47}[/tex]

Step-by-step explanation:

[tex]24^{2} = 576[/tex], since 47 is a prime number and 576 isn't divisible by it, [tex]\frac{576}{47}[/tex] would be the best answer.

1. Find the surface area of the triangular pyramid.
12 yd
17.3 yd
20 yd
What is the surface area of the triangular pyramid

Answers

look on this website they have all the answer getmathhelp.net

Which of the data sets below has a mean of 32? Select all that apply.

A) 45, 21, 33, 29
B) 18, 54, 24
C) 14, 56, 34, 18, 23
D) 34, 35, 21, 29, 46

Answers

Answer:

B is the correct answer

Step-by-step explanation: When you add 18+54+24=96 divide 96 by 3 and its 32!

Use the washer method to find the volume?

Answers

It's not clear whether you're talking about the bounded region to the left or right of the y-axis, but due to symmetry it doesn't really matter.

The two curves y = 8 and y = 8x ² intersect for

8 = 8x ²   →   x ² = 1   →   x = -1, x = 1

but we only care about one of these; take the positive solution, so the region of interest lies to the right of the y-axis.

Each washer has an outer radius (distance from the "top" curve to the axis of revolution) of 8 and an inner radius (distance from the "bottom" curve) of 8x ². Take the heights to be some small length ∆x . Then each has a volume of π (outer radius)² - π (inner radius)², or

π (64 - 64x ⁴) ∆x

Now take n such washers, take their sum, and let n → ∞ and ∆x → 0. This amounts to computing the integral,

∫₀¹ π (64 - 64x ⁴) dx = π (64x - 64/5 x ⁵) |₀¹

… = π (64 - 64/5)

… = 256π/5

The two curves y = 8 and y = 8x ² intersect for

8 = 8x ²   →   x ² = 1   →   x = -1, x = 1

but we only care about one of these; take the positive solution, so the region of interest lies to the right of the y-axis.

Each washer has an outer radius (distance from the "top" curve to the axis of revolution) of 8 and an inner radius (distance from the "bottom" curve) of 8x ². Take the heights to be some small length ∆x . Then each has a volume of π (outer radius)² - π (inner radius)², or

π (64 - 64x ⁴) ∆x

Now take n such washers, take their sum, and let n → ∞ and ∆x → 0. This amounts to computing the integral,

∫₀¹ π (64 - 64x ⁴) dx = π (64x - 64/5 x ⁵) |₀¹

… = π (64 - 64/5)

… = 256π/5

THANKS

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Sort the data from least to greatest.
4 9
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11
5
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Answers

Answer: 9

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Answers

the expression for for the sum of k and 8 would be k+8
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Answers

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Step-by-step explanation:

Answer:

Angles STQ & RQT

Step-by-step explanation:

They are on opposite sides, but they are also interior.

Hope this helps! Have a good day!

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A 120
B 80
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D 30

Answers

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Step-by-step explanation:

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Answers

Answer:

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Answers

2.7 is the answer you should get help

ANSWER THE QUESTION FOR BRAINLIEST
ANSWER THE QUESTION FOR BRAINLIEST
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Answers

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Step-by-step explanation:

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The average prices of a gallon of fuel are shown in the table. Let p=f(t) be the average price of fuel at t years since 1980. The model f(t)=0.0075t2−0.2t+2.32 fits the data well.
Year
Price​ (dollars per​ gallon)

1980
2.38
1985
1.57
1990
1.18
1995
0.95
2001
1.33
2005
1.95
2006
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Answers

i think it’s 1.57 mane guy bro broski lol

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Answers

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x = 2, -1

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Answers

Answer:

The line AB is a tangent of the circle with center C.

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Answers

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Step-by-step explanation:

Formula: πr2h

3.14 x 4^2 x 3 = 150.72 units^3

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Answers

Answer:

Word problem 3        

Step-by-step explanation:

Word Problem one is a subtraction problem since Felicia is giving away two marbles to Lucas. Word Problem two is a division problem since Felicia is evenly dividing the number of marbles she has into two bags. Word Problem three is a multiplication problem because Ryan has two times as many marbles that Felicia does. Word Problem four is an addition problem because she found two more marbles while she already has eight marbles. Keywords for subtraction word problems are: fewer than, decrease, take away, less than, minus, difference, change, lost reduced, and subtract. Keywords for division word problems are: As much, cut up, groups, equally, sharing, half, how many in each, parts, per percent, quotient, ratio, and separated. Keywords for multiplication word problems are: double, every, factor, increased, multiplied product, times, and tripled.

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Answers

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Answers

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Step-by-step explanation:

split the thing into two rectangular prisms

small prism dimensions: 18 x 2 x 3

multiply the dimensions to get 108

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Answers

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Answers

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Answers

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Step-by-step explanation:

-50+5= -45

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Step-by-step explanation:

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Answers

Answer:

Given quadrilateral can't be inscribed in a circle.

Step-by-step explanation:

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If the given quadrilateral fulfills this property, it can be inscribed in a circle.

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What is the height, in yards, of a cylindrical water tank that holds 1,884 cubic yards of water and has a diameter of 120 feet? Be sure to convert so you are using like units.

Answers

Answer:

The height of the tank is 0.5 yards.

Step-by-step explanation:

To determine what is the height, in yards, of a cylindrical water tank that holds 1,884 cubic yards of water and has a diameter of 120 feet, knowing that the volume of a cylinder is equal to pi multiplied by the radius squared, multiplied by the height, the following calculation must be done:

1 foot = 0.3333 yards

R = Diameter / 2

R = 120/2 = 60

3.14 x 60 ^ 2 x H = 1,884

3.14 x 3,600 x H = 1,884

3.14 x 1,200 x H = 1,884

3.768 x H = 1.884

H = 1,884 / 3,768

H = 0.5

Therefore, the height of the tank is 0.5 yards.

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Answers

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Answers

Answer:

[tex] 177 \: cm^2 [/tex]

Step-by-step explanation:

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