find...
a. the function A(t)
b. the total amount accumulated in the account 10 years after the original deposit
c. the number of years that it would take for the account to triple it original deposit
thank you, 10 points for best correct answer
a. the function A(t)
b. the total amount accumulated in the account 10 years after the original deposit
c. the number of years that it would take for the account to triple it original deposit
thank you, 10 points for best correct answer
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a.............................
A(t) = ∫ A'(t) dt
A(t) = 50 ∫ e^(.05t) dt
A(t) = 1000 e^(.05t) + c
b.................................
A(10) - A(0) = 1000 [√(e) - 1] ≈ $648.72
c.................................
A(t)/A(0) = 3
1000e^(.05t)/1000 = 3
e^(.05t) = 3
.05t = ln(3)
t = 20 ln(3) ≈ 21.97 years
A(t) = ∫ A'(t) dt
A(t) = 50 ∫ e^(.05t) dt
A(t) = 1000 e^(.05t) + c
b.................................
A(10) - A(0) = 1000 [√(e) - 1] ≈ $648.72
c.................................
A(t)/A(0) = 3
1000e^(.05t)/1000 = 3
e^(.05t) = 3
.05t = ln(3)
t = 20 ln(3) ≈ 21.97 years