The amount of money, A(t), in a savings account that pays 3% interest, compounded quarterly for t ye when an initial investment of $1100 is made, is given by A(t)=11100(1.0075)¹. A(8) - A(4) 8-4 Interpret the result The amount of interest per year from the initial i Find 39.3577555

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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After solving the problem my result was 39.3577555. But im not sure what I am doing wrong or how to solve the bottom problem.
The amount of money, A(t), in a savings account that pays 3% interest, compounded quarterly for t years,
when an initial investment of $1100 is made, is given by
A(t)=1100(1.0075).
Find
A(8) - A(4)
8-4
39.3577555
Interpret the result The amount of interest per year from the initial i
Hint: Check the interpretation and the spelling.
Transcribed Image Text:The amount of money, A(t), in a savings account that pays 3% interest, compounded quarterly for t years, when an initial investment of $1100 is made, is given by A(t)=1100(1.0075). Find A(8) - A(4) 8-4 39.3577555 Interpret the result The amount of interest per year from the initial i Hint: Check the interpretation and the spelling.
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