Listen MODELING REAL LIFE Your checking account has a constant balance of $500. Let the function m represent the balance of your savings account after t years. The table shows the total balance of the accounts over time. Year, t Total balance 0 $2500 1 $2540 2 $2580.80 3 $2622.42 4 $2664.86 5 $2708.16 a. Write a function B that represents the total balance after t years. Round values to the nearest hundredth, if necessary. B(t) = 500 + 2000(1.02)* b. Find B(8). About $2843.32 Interpret B(8). B I U E T² T₂ c. Compare the savings account to the account, You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. B I U E E T² T₂ A = 11998.70 SINCE 9000 is the principal (1+0.036/12)12 times 8 gives me aproxtimately 1997
Listen MODELING REAL LIFE Your checking account has a constant balance of $500. Let the function m represent the balance of your savings account after t years. The table shows the total balance of the accounts over time. Year, t Total balance 0 $2500 1 $2540 2 $2580.80 3 $2622.42 4 $2664.86 5 $2708.16 a. Write a function B that represents the total balance after t years. Round values to the nearest hundredth, if necessary. B(t) = 500 + 2000(1.02)* b. Find B(8). About $2843.32 Interpret B(8). B I U E T² T₂ c. Compare the savings account to the account, You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. B I U E E T² T₂ A = 11998.70 SINCE 9000 is the principal (1+0.036/12)12 times 8 gives me aproxtimately 1997
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter6: Exponential Functions And Sequences
Section: Chapter Questions
Problem 7CT
Related questions
Question
Listen
MODELING REAL LIFE Your checking account has a constant balance of $500. Let the function m represent the balance of your savings account after t years. The table shows the total balance of the accounts over time.
Year, t Total
balance
0
$2500
1
$2540
2
$2580.80
3
$2622.42
4
$2664.86
5
$2708.16
a. Write a function B that represents the total balance after t years. Round values to the nearest hundredth, if necessary.
B(t) =
500 + 2000(1.02)*
b. Find B(8).
About $2843.32
Interpret B(8).
B I U
E T²
T₂
c. Compare the savings account to the account, You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly.
B
I U E
E
T²
T₂
A = 11998.70 SINCE 9000 is the principal (1+0.036/12)12 times 8 gives me aproxtimately 1997
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