h and Decay Functions a) If you invest $1250 in an account that earns 6% compounded quarterly, the amount you will have in the account, S(x), after x years is given by Calculate the amount of money
h and Decay Functions a) If you invest $1250 in an account that earns 6% compounded quarterly, the amount you will have in the account, S(x), after x years is given by Calculate the amount of money
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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Hello,
may you please help me, Thank you I appreciate it.
Growth and Decay Functions a) If you invest $1250 in an account that earns 6% compounded quarterly, the amount you will have in the account, S(x), after x years is given by
Calculate the amount of money in the account, S(x), after 2, 4, 6, 8, and 10 years and the interest earned in the account.
x |
S(x) |
Interest |
2
|
|
|
4
|
|
|
6
|
|
|
8
|
|
|
10
|
|
|
Is this an exponential growth or decay function? How much more money would you earn in interest if you left the money in the account 10 years instead of 4 years? What is the S – intercept (y-intercept) for this function and what does it represent?
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