For Exercises 11–16, suppose that P dollars in principal is invested at an annual interest rate r . For interest compounded n times per year, the amount A ( t ) in the account after t years is given by A ( t ) = P ( 1 + r n ) n t . If interest is compounded continuously, the amount is given by A ( t ) = P e r t . Suppose an investor deposits $10,000 in an account earning 6.0% interest compounded continuously. Find the total amount in the account for the following time periods. How does the length of time affect the amount of interest earned? a. 5 yr b. 10 yr c. 15 yr d. 20 yr e. 30 yr
For Exercises 11–16, suppose that P dollars in principal is invested at an annual interest rate r . For interest compounded n times per year, the amount A ( t ) in the account after t years is given by A ( t ) = P ( 1 + r n ) n t . If interest is compounded continuously, the amount is given by A ( t ) = P e r t . Suppose an investor deposits $10,000 in an account earning 6.0% interest compounded continuously. Find the total amount in the account for the following time periods. How does the length of time affect the amount of interest earned? a. 5 yr b. 10 yr c. 15 yr d. 20 yr e. 30 yr
Solution Summary: The author calculates the total amount in an account earning 6% interest compounded continuously for 5 years and the effect time has over the interest.
For Exercises 11–16, suppose that P dollars in principal is invested at an annual interest rate r. For interest compounded n times per year, the amount
A
(
t
)
in the account after t years is given by
A
(
t
)
=
P
(
1
+
r
n
)
n
t
. If interest is compounded continuously, the amount is given by
A
(
t
)
=
P
e
r
t
.
Suppose an investor deposits $10,000 in an account earning 6.0% interest compounded continuously. Find the total amount in the account for the following time periods. How does the length of time affect the amount of interest earned?
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Determine if the values of the variables listed are solutions of the system of equations.
2x - y = 4
3x+5y= - 6
x=1, y = 2; (1,-2)
Is (1, 2) a solution of the system of equations?
L
No
Yes
iew an example
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10. A sound wave's amplitude can be modeled by the function y = −7 sin ((x-1) + 4). Within the interval 0 < x < 12, when does the function have an amplitude
of 4? (Select all that apply.)
9.522 seconds
4.199 seconds
0.522 seconds
1.199 seconds
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Jamal wants to save $48,000 for a down payment on a home. How much will he need to invest in an
account with 11.8% APR, compounding daily, in order to reach his goal in 10 years? Round to the
nearest dollar.
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