An amount of B was deposited in one of the investment bank accounts, whereby interest of A% is paid annually. The amount is calculated, so thạt n= capital, cumulative after a number of years based on the function d (x) = n (1 + m)* n= time in years, m = annual interest. a. Calculate the cumulative amount after 8 years. B. How many years does it take to invest an amount equal to 3 times the capital? c. Draw the function d (x). B=951 RO A=1%

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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An amount of B was deposited in one of the investment bank accounts, whereby interest
of A% is paid annually. The amount is calculated, so thạt n= capital, cumulative after a
number of years based on the function d (x) = n (1 + m)*
n= time in years, m = annual interest.
a. Calculate the cumulative amount after 8 years.
B. How many years does it take to invest an amount equal to 3 times the capital?
c. Draw the function d (x).
B=951 RO
A=1%
Transcribed Image Text:An amount of B was deposited in one of the investment bank accounts, whereby interest of A% is paid annually. The amount is calculated, so thạt n= capital, cumulative after a number of years based on the function d (x) = n (1 + m)* n= time in years, m = annual interest. a. Calculate the cumulative amount after 8 years. B. How many years does it take to invest an amount equal to 3 times the capital? c. Draw the function d (x). B=951 RO A=1%
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