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Suppose interest is compounded continuously with instantaneous interest rate r(t) given by r(t) = 0.07+ 0.01 sin(2лt) where t is in years. If you put £800 in a bank account now, determine how much will be in the bank account 509 days from now. Give your answer correct to three significant digits, but do not include the pound sign. For example, if your answer is £1230, enter 1230.

Suppose interest is compounded continuously with instantaneous interest rate r(t) given by r(t) = 0.07+ 0.01 sin(2лt) where t is in years. If you put £800 in a bank account now, determine how much will be in the bank account 509 days from now. Give your answer correct to three significant digits, but do not include the pound sign. For example, if your answer is £1230, enter 1230.

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
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Suppose interest is compounded continuously with instantaneous interest rate r(t) given by r(t) = 0.07+ 0.01 sin(2лt) where t is in years. If you put £800 in a bank account now, determine how much will be in the bank account 509 days from now. Give your answer correct to three significant digits, but do not include the pound sign. For example, if your answer is £1230, enter 1230.
Transcribed Image Text:Suppose interest is compounded continuously with instantaneous interest rate r(t) given by r(t) = 0.07+ 0.01 sin(2лt) where t is in years. If you put £800 in a bank account now, determine how much will be in the bank account 509 days from now. Give your answer correct to three significant digits, but do not include the pound sign. For example, if your answer is £1230, enter 1230.
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