Given the equation A(t) = 12e -0.027t, where t is the time in months, calculate the corresponding percent and state if it is an increase or decrease each month. Round your final answer to a hundredth of a percent.
Given the equation A(t) = 12e -0.027t, where t is the time in months, calculate the corresponding percent and state if it is an increase or decrease each month. Round your final answer to a hundredth of a percent.
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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Kindly answer the 2 questions with steps for a better understanding. Thank you!
Suppose you have an initial investment of $5,000 and you decide to deposit it into an account that pays 1.5% annual interest compounded quarterly.
If the money is left in the account for 12 years, how much money is in the account at that time? How much interest has been earned?
Transcribed Image Text:Given the equation A(t) = 12e -0.027t, where t is the time in months,
calculate the corresponding percent and state if it is an increase or
decrease each month. Round your final answer to a hundredth of a
percent.
a.) 2.66%; decrease
b.) 2.7%; increase
Oc.) 2.66%; increase
d.) 2.7%; decrease
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