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people at a bank is modelled by the function p(t) = 245(1.15)' where t is the time in months, and p is the number of people. a) How many people have invested in the mutual fund after 10 months? b) How many months does it take for approximately 2000 people to invest in the mutual fund?

people at a bank is modelled by the function p(t) = 245(1.15)' where t is the time in months, and p is the number of people. a) How many people have invested in the mutual fund after 10 months? b) How many months does it take for approximately 2000 people to invest in the mutual fund?

Advanced Engineering Mathematics
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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24. The number of people investing in a particular mutual fund at a bank is modelled by the function p(t) = 245(1.15)' where t is the time in months, and p is the number of people. a) How many people have invested in the mutual fund after 10 months? b) How many months does it take for approximately 2000 people to invest in the mutual fund?
Transcribed Image Text:24. The number of people investing in a particular mutual fund at a bank is modelled by the function p(t) = 245(1.15)' where t is the time in months, and p is the number of people. a) How many people have invested in the mutual fund after 10 months? b) How many months does it take for approximately 2000 people to invest in the mutual fund?
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