Calculus: Graphical, Numerical, Algebraic: Solutions Manual
Calculus: Graphical, Numerical, Algebraic: Solutions Manual
3rd Edition
ISBN: 9780132014144
Author: Ross L. Finney, Franklin Demana, Bert K. Waits, Daniel Kennedy
Publisher: Pearson Prentice Hall
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Chapter 1.3, Problem 24E
To determine

To find: The time taken for the John’s balance to reach $4150 .

Expert Solution & Answer
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Answer to Problem 24E

The time taken for the John’s balance to reach $4150 is approximate 11 years.

Explanation of Solution

Given information: John invests an amount of $2300 in saving account with a 6% interest rate compounded annually. The total balance of the account will be $4150 .

Calculation:

The initial investment is $2300 and the interest rate is 6% compounded annually.

The formula for the value is:

  y=P(1+r100)n

Substitute $2300 for P , 6% for r and $4150 for y in the formula.

  y=P(1+r100)n4150=2300(1+6100)n4150=2300(1+0.06)n4150=2300(1.06)n

Follow the steps to solve the equation by calculator:

  • First press “ON” button on graphical calculator and press Y= key.
  • Enter right hand side of the equation 2300(1.06)n after the symbol Y1 . Enter the keystrokes 2300×(1.06)^X . Now, press the key ENTER .
  • Enter left hand side of the equation 4150 after the symbol Y2 . Enter the keystrokes 4150 .
  • Press WINDOW key and adjust the window at [20,20] by [100,5000] .
  • Now, press keystrokes given below to find the value of t as:

  2ndTRACE5ENTERENTERENTER

  Calculus: Graphical, Numerical, Algebraic: Solutions Manual, Chapter 1.3, Problem 24E

So, the value of t is 10.12 years.

Therefore, the time taken for the John’s balance to reach $4150 is approximate 11 years.

Chapter 1 Solutions

Calculus: Graphical, Numerical, Algebraic: Solutions Manual

Ch. 1.1 - Prob. 1ECh. 1.1 - Prob. 2ECh. 1.1 - Prob. 3ECh. 1.1 - Prob. 4ECh. 1.1 - Prob. 5ECh. 1.1 - Prob. 6ECh. 1.1 - Prob. 7ECh. 1.1 - Prob. 8ECh. 1.1 - Prob. 9ECh. 1.1 - Prob. 10ECh. 1.1 - Prob. 11ECh. 1.1 - Prob. 12ECh. 1.1 - Prob. 13ECh. 1.1 - Prob. 14ECh. 1.1 - Prob. 15ECh. 1.1 - Prob. 16ECh. 1.1 - Prob. 17ECh. 1.1 - Prob. 18ECh. 1.1 - Prob. 19ECh. 1.1 - Prob. 20ECh. 1.1 - Prob. 21ECh. 1.1 - Prob. 22ECh. 1.1 - Prob. 23ECh. 1.1 - Prob. 24ECh. 1.1 - Prob. 25ECh. 1.1 - Prob. 26ECh. 1.1 - Prob. 27ECh. 1.1 - Prob. 28ECh. 1.1 - Prob. 29ECh. 1.1 - Prob. 30ECh. 1.1 - Prob. 31ECh. 1.1 - Prob. 32ECh. 1.1 - Prob. 33ECh. 1.1 - Prob. 34ECh. 1.1 - Prob. 35ECh. 1.1 - Prob. 36ECh. 1.1 - Prob. 37ECh. 1.1 - Prob. 38ECh. 1.1 - Prob. 39ECh. 1.1 - Prob. 40ECh. 1.1 - Prob. 41ECh. 1.1 - Prob. 42ECh. 1.1 - Prob. 43ECh. 1.1 - Prob. 44ECh. 1.1 - Prob. 45ECh. 1.1 - Prob. 46ECh. 1.1 - Prob. 47ECh. 1.1 - Prob. 48ECh. 1.1 - Prob. 49ECh. 1.1 - Prob. 50ECh. 1.1 - Prob. 51ECh. 1.1 - Prob. 52ECh. 1.1 - Prob. 53ECh. 1.1 - Prob. 54ECh. 1.1 - Prob. 55ECh. 1.1 - Prob. 56ECh. 1.1 - Prob. 57ECh. 1.1 - Prob. 58ECh. 1.2 - Prob. 1QRCh. 1.2 - Prob. 2QRCh. 1.2 - Prob. 3QRCh. 1.2 - Prob. 4QRCh. 1.2 - Prob. 5QRCh. 1.2 - Prob. 6QRCh. 1.2 - Prob. 7QRCh. 1.2 - Prob. 8QRCh. 1.2 - Prob. 9QRCh. 1.2 - Prob. 10QRCh. 1.2 - Prob. 11QRCh. 1.2 - Prob. 12QRCh. 1.2 - Prob. 1ECh. 1.2 - Prob. 2ECh. 1.2 - Prob. 3ECh. 1.2 - Prob. 4ECh. 1.2 - Prob. 5ECh. 1.2 - Prob. 6ECh. 1.2 - Prob. 7ECh. 1.2 - Prob. 8ECh. 1.2 - Prob. 9ECh. 1.2 - Prob. 10ECh. 1.2 - Prob. 11ECh. 1.2 - Prob. 12ECh. 1.2 - Prob. 13ECh. 1.2 - Prob. 14ECh. 1.2 - Prob. 15ECh. 1.2 - Prob. 16ECh. 1.2 - Prob. 17ECh. 1.2 - Prob. 18ECh. 1.2 - Prob. 19ECh. 1.2 - Prob. 20ECh. 1.2 - Prob. 21ECh. 1.2 - Prob. 22ECh. 1.2 - Prob. 23ECh. 1.2 - Prob. 24ECh. 1.2 - Prob. 25ECh. 1.2 - Prob. 26ECh. 1.2 - Prob. 27ECh. 1.2 - Prob. 28ECh. 1.2 - Prob. 29ECh. 1.2 - Prob. 30ECh. 1.2 - Prob. 31ECh. 1.2 - Prob. 32ECh. 1.2 - Prob. 33ECh. 1.2 - Prob. 34ECh. 1.2 - Prob. 35ECh. 1.2 - Prob. 36ECh. 1.2 - Prob. 37ECh. 1.2 - Prob. 38ECh. 1.2 - Prob. 39ECh. 1.2 - Prob. 40ECh. 1.2 - Prob. 41ECh. 1.2 - Prob. 42ECh. 1.2 - Prob. 43ECh. 1.2 - Prob. 44ECh. 1.2 - Prob. 45ECh. 1.2 - Prob. 46ECh. 1.2 - Prob. 47ECh. 1.2 - Prob. 48ECh. 1.2 - Prob. 49ECh. 1.2 - Prob. 50ECh. 1.2 - Prob. 51ECh. 1.2 - Prob. 52ECh. 1.2 - Prob. 53ECh. 1.2 - Prob. 54ECh. 1.2 - Prob. 55ECh. 1.2 - Prob. 56ECh. 1.2 - Prob. 57ECh. 1.2 - Prob. 58ECh. 1.2 - Prob. 59ECh. 1.2 - Prob. 60ECh. 1.2 - Prob. 61ECh. 1.2 - Prob. 62ECh. 1.2 - Prob. 63ECh. 1.2 - Prob. 64ECh. 1.2 - Prob. 65ECh. 1.2 - Prob. 66ECh. 1.2 - Prob. 67ECh. 1.2 - Prob. 68ECh. 1.2 - Prob. 69ECh. 1.2 - Prob. 70ECh. 1.2 - Prob. 71ECh. 1.2 - Prob. 72ECh. 1.3 - Prob. 1QRCh. 1.3 - Prob. 2QRCh. 1.3 - Prob. 3QRCh. 1.3 - Prob. 4QRCh. 1.3 - Prob. 5QRCh. 1.3 - Prob. 6QRCh. 1.3 - Prob. 7QRCh. 1.3 - Prob. 8QRCh. 1.3 - Prob. 9QRCh. 1.3 - Prob. 10QRCh. 1.3 - Prob. 1ECh. 1.3 - Prob. 2ECh. 1.3 - Prob. 3ECh. 1.3 - Prob. 4ECh. 1.3 - Prob. 5ECh. 1.3 - Prob. 6ECh. 1.3 - Prob. 7ECh. 1.3 - Prob. 8ECh. 1.3 - Prob. 9ECh. 1.3 - Prob. 10ECh. 1.3 - Prob. 11ECh. 1.3 - Prob. 12ECh. 1.3 - Prob. 13ECh. 1.3 - Prob. 14ECh. 1.3 - Prob. 15ECh. 1.3 - Prob. 16ECh. 1.3 - Prob. 17ECh. 1.3 - Prob. 18ECh. 1.3 - Prob. 19ECh. 1.3 - Prob. 20ECh. 1.3 - Prob. 21ECh. 1.3 - Prob. 22ECh. 1.3 - Prob. 23ECh. 1.3 - Prob. 24ECh. 1.3 - Prob. 25ECh. 1.3 - Prob. 26ECh. 1.3 - Prob. 27ECh. 1.3 - Prob. 28ECh. 1.3 - Prob. 29ECh. 1.3 - Prob. 30ECh. 1.3 - Prob. 31ECh. 1.3 - Prob. 32ECh. 1.3 - Prob. 33ECh. 1.3 - Prob. 34ECh. 1.3 - Prob. 35ECh. 1.3 - Prob. 36ECh. 1.3 - Prob. 37ECh. 1.3 - Prob. 38ECh. 1.3 - Prob. 39ECh. 1.3 - Prob. 40ECh. 1.3 - Prob. 41ECh. 1.3 - Prob. 42ECh. 1.3 - Prob. 43ECh. 1.3 - Prob. 44ECh. 1.3 - Prob. 45ECh. 1.3 - Prob. 46ECh. 1.3 - Prob. 47ECh. 1.3 - Prob. 48ECh. 1.3 - Prob. 49ECh. 1.3 - Prob. 1QQCh. 1.3 - Prob. 2QQCh. 1.3 - Prob. 3QQCh. 1.3 - Prob. 4QQCh. 1.4 - Prob. 1QRCh. 1.4 - Prob. 2QRCh. 1.4 - Prob. 3QRCh. 1.4 - Prob. 4QRCh. 1.4 - Prob. 5QRCh. 1.4 - Prob. 6QRCh. 1.4 - Prob. 7QRCh. 1.4 - Prob. 8QRCh. 1.4 - Prob. 9QRCh. 1.4 - Prob. 10QRCh. 1.4 - Prob. 1ECh. 1.4 - Prob. 2ECh. 1.4 - Prob. 3ECh. 1.4 - Prob. 4ECh. 1.4 - Prob. 5ECh. 1.4 - Prob. 6ECh. 1.4 - Prob. 7ECh. 1.4 - Prob. 8ECh. 1.4 - Prob. 9ECh. 1.4 - Prob. 10ECh. 1.4 - Prob. 11ECh. 1.4 - Prob. 12ECh. 1.4 - Prob. 13ECh. 1.4 - Prob. 14ECh. 1.4 - Prob. 15ECh. 1.4 - Prob. 16ECh. 1.4 - Prob. 17ECh. 1.4 - Prob. 18ECh. 1.4 - Prob. 19ECh. 1.4 - Prob. 20ECh. 1.4 - Prob. 21ECh. 1.4 - Prob. 22ECh. 1.4 - Prob. 23ECh. 1.4 - Prob. 24ECh. 1.4 - Prob. 25ECh. 1.4 - Prob. 26ECh. 1.4 - Prob. 27ECh. 1.4 - Prob. 28ECh. 1.4 - Prob. 29ECh. 1.4 - Prob. 30ECh. 1.4 - Prob. 31ECh. 1.4 - Prob. 32ECh. 1.4 - Prob. 33ECh. 1.4 - Prob. 34ECh. 1.4 - Prob. 35ECh. 1.4 - Prob. 36ECh. 1.4 - Prob. 37ECh. 1.4 - Prob. 38ECh. 1.4 - Prob. 39ECh. 1.4 - Prob. 40ECh. 1.4 - Prob. 41ECh. 1.4 - Prob. 42ECh. 1.4 - Prob. 43ECh. 1.4 - Prob. 44ECh. 1.4 - Prob. 45ECh. 1.4 - Prob. 46ECh. 1.4 - Prob. 47ECh. 1.4 - Prob. 48ECh. 1.5 - Prob. 1QRCh. 1.5 - Prob. 2QRCh. 1.5 - Prob. 3QRCh. 1.5 - Prob. 4QRCh. 1.5 - Prob. 5QRCh. 1.5 - Prob. 6QRCh. 1.5 - Prob. 7QRCh. 1.5 - Prob. 8QRCh. 1.5 - Prob. 9QRCh. 1.5 - Prob. 10QRCh. 1.5 - Prob. 1ECh. 1.5 - Prob. 2ECh. 1.5 - Prob. 3ECh. 1.5 - Prob. 4ECh. 1.5 - Prob. 5ECh. 1.5 - Prob. 6ECh. 1.5 - Prob. 7ECh. 1.5 - Prob. 8ECh. 1.5 - Prob. 9ECh. 1.5 - Prob. 10ECh. 1.5 - Prob. 11ECh. 1.5 - Prob. 12ECh. 1.5 - Prob. 13ECh. 1.5 - Prob. 14ECh. 1.5 - Prob. 15ECh. 1.5 - Prob. 16ECh. 1.5 - Prob. 17ECh. 1.5 - Prob. 18ECh. 1.5 - Prob. 19ECh. 1.5 - Prob. 20ECh. 1.5 - Prob. 21ECh. 1.5 - Prob. 22ECh. 1.5 - Prob. 23ECh. 1.5 - Prob. 24ECh. 1.5 - Prob. 25ECh. 1.5 - Prob. 26ECh. 1.5 - Prob. 27ECh. 1.5 - Prob. 28ECh. 1.5 - Prob. 29ECh. 1.5 - Prob. 30ECh. 1.5 - Prob. 31ECh. 1.5 - Prob. 32ECh. 1.5 - Prob. 33ECh. 1.5 - Prob. 34ECh. 1.5 - Prob. 35ECh. 1.5 - Prob. 36ECh. 1.5 - Prob. 37ECh. 1.5 - Prob. 38ECh. 1.5 - Prob. 39ECh. 1.5 - Prob. 40ECh. 1.5 - Prob. 41ECh. 1.5 - Prob. 42ECh. 1.5 - Prob. 43ECh. 1.5 - Prob. 44ECh. 1.5 - Prob. 45ECh. 1.5 - Prob. 46ECh. 1.5 - Prob. 47ECh. 1.5 - Prob. 48ECh. 1.5 - Prob. 49ECh. 1.5 - Prob. 50ECh. 1.5 - Prob. 51ECh. 1.5 - Prob. 52ECh. 1.5 - Prob. 53ECh. 1.5 - Prob. 54ECh. 1.5 - Prob. 55ECh. 1.5 - Prob. 56ECh. 1.5 - Prob. 57ECh. 1.5 - Prob. 58ECh. 1.5 - Prob. 59ECh. 1.5 - Prob. 60ECh. 1.5 - Prob. 61ECh. 1.5 - Prob. 62ECh. 1.6 - Prob. 1QRCh. 1.6 - Prob. 2QRCh. 1.6 - Prob. 3QRCh. 1.6 - Prob. 4QRCh. 1.6 - Prob. 5QRCh. 1.6 - Prob. 6QRCh. 1.6 - Prob. 7QRCh. 1.6 - Prob. 8QRCh. 1.6 - Prob. 9QRCh. 1.6 - Prob. 10QRCh. 1.6 - Prob. 1ECh. 1.6 - Prob. 2ECh. 1.6 - Prob. 3ECh. 1.6 - Prob. 4ECh. 1.6 - Prob. 5ECh. 1.6 - Prob. 6ECh. 1.6 - Prob. 7ECh. 1.6 - Prob. 8ECh. 1.6 - Prob. 9ECh. 1.6 - Prob. 10ECh. 1.6 - Prob. 11ECh. 1.6 - Prob. 12ECh. 1.6 - Prob. 13ECh. 1.6 - Prob. 14ECh. 1.6 - Prob. 15ECh. 1.6 - Prob. 16ECh. 1.6 - Prob. 17ECh. 1.6 - Prob. 18ECh. 1.6 - Prob. 19ECh. 1.6 - Prob. 20ECh. 1.6 - Prob. 21ECh. 1.6 - Prob. 22ECh. 1.6 - Prob. 23ECh. 1.6 - Prob. 24ECh. 1.6 - Prob. 25ECh. 1.6 - Prob. 26ECh. 1.6 - Prob. 27ECh. 1.6 - Prob. 28ECh. 1.6 - Prob. 29ECh. 1.6 - Prob. 30ECh. 1.6 - Prob. 31ECh. 1.6 - Prob. 32ECh. 1.6 - Prob. 33ECh. 1.6 - Prob. 34ECh. 1.6 - Prob. 35ECh. 1.6 - Prob. 36ECh. 1.6 - Prob. 37ECh. 1.6 - Prob. 38ECh. 1.6 - Prob. 39ECh. 1.6 - Prob. 40ECh. 1.6 - Prob. 41ECh. 1.6 - Prob. 42ECh. 1.6 - Prob. 43ECh. 1.6 - Prob. 44ECh. 1.6 - Prob. 45ECh. 1.6 - Prob. 46ECh. 1.6 - Prob. 47ECh. 1.6 - Prob. 48ECh. 1.6 - Prob. 49ECh. 1.6 - Prob. 50ECh. 1.6 - Prob. 51ECh. 1.6 - Prob. 52ECh. 1.6 - Prob. 53ECh. 1.6 - Prob. 54ECh. 1.6 - Prob. 55ECh. 1.6 - Prob. 56ECh. 1.6 - Prob. 57ECh. 1.6 - Prob. 58ECh. 1.6 - Prob. 59ECh. 1.6 - Prob. 60ECh. 1.6 - Prob. 61ECh. 1.6 - Prob. 62ECh. 1.6 - Prob. 1QQCh. 1.6 - Prob. 2QQCh. 1.6 - Prob. 3QQCh. 1.6 - Prob. 4QQCh. 1 - Prob. 1RECh. 1 - Prob. 2RECh. 1 - Prob. 3RECh. 1 - Prob. 4RECh. 1 - Prob. 5RECh. 1 - Prob. 6RECh. 1 - Prob. 7RECh. 1 - Prob. 8RECh. 1 - Prob. 9RECh. 1 - Prob. 10RECh. 1 - Prob. 11RECh. 1 - Prob. 12RECh. 1 - Prob. 13RECh. 1 - Prob. 14RECh. 1 - Prob. 15RECh. 1 - Prob. 16RECh. 1 - Prob. 17RECh. 1 - Prob. 18RECh. 1 - Prob. 19RECh. 1 - Prob. 20RECh. 1 - Prob. 21RECh. 1 - Prob. 22RECh. 1 - Prob. 23RECh. 1 - Prob. 24RECh. 1 - Prob. 25RECh. 1 - Prob. 26RECh. 1 - Prob. 27RECh. 1 - Prob. 28RECh. 1 - Prob. 29RECh. 1 - Prob. 30RECh. 1 - Prob. 31RECh. 1 - Prob. 32RECh. 1 - Prob. 33RECh. 1 - Prob. 34RECh. 1 - Prob. 35RECh. 1 - Prob. 36RECh. 1 - Prob. 37RECh. 1 - Prob. 38RECh. 1 - Prob. 39RECh. 1 - Prob. 40RECh. 1 - Prob. 41RECh. 1 - Prob. 42RECh. 1 - Prob. 43RECh. 1 - Prob. 44RECh. 1 - Prob. 45RECh. 1 - Prob. 46RECh. 1 - Prob. 47RECh. 1 - Prob. 48RECh. 1 - Prob. 49RECh. 1 - Prob. 50RECh. 1 - Prob. 51RECh. 1 - Prob. 52RECh. 1 - Prob. 53RECh. 1 - Prob. 54RECh. 1 - Prob. 55RECh. 1 - Prob. 56RECh. 1 - Prob. 57RECh. 1 - Prob. 58RECh. 1 - Prob. 59RECh. 1 - Prob. 60RECh. 1 - Prob. 61RECh. 1 - Prob. 62RECh. 1 - Prob. 63RECh. 1 - Prob. 64RECh. 1 - Prob. 65RECh. 1 - Prob. 66RECh. 1 - Prob. 67RECh. 1 - Prob. 68RECh. 1 - Prob. 69RECh. 1 - Prob. 70RE
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