3. A principal of (A) OR is deposited in an account that pays A/100 interest compounded yearly. Account balance function in response of time (years)is B(y) = I(1+c)' %3D I: initial value c: interest compounded yearly A=347, W=19, R=9347 y: time in year a. Find the account balance after W months. b. Show by graphing if B(y) function is increasing or decreasing. c. After how many years the account balance will be (R) OR.
3. A principal of (A) OR is deposited in an account that pays A/100 interest compounded yearly. Account balance function in response of time (years)is B(y) = I(1+c)' %3D I: initial value c: interest compounded yearly A=347, W=19, R=9347 y: time in year a. Find the account balance after W months. b. Show by graphing if B(y) function is increasing or decreasing. c. After how many years the account balance will be (R) OR.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:3. A principal of (A) OR is deposited in an account that pays A/100 interest compounded
yearly. Account balance function in response of time (years)is B(y) = I(1+ c)'
I: initial value
c: interest compounded yearly
A=347,
W=19,
R=9347
y: time in year
a. Find the account balance after W months.
b. Show by graphing if B(y) function is increasing or decreasing.
c. After how many years the account balance will be (R) OR.
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