The amount of money, A ( t ) , in a savings account that pay 3% interest, compounded quarterly for t years, with an initial investment of P dollars, is given by A ( t ) = P ( 1 + 0.03 4 ) 4 t . If $500 is invested at 3%, compounded quarterly, how much will the investment be worth after 2 yr?
The amount of money, A ( t ) , in a savings account that pay 3% interest, compounded quarterly for t years, with an initial investment of P dollars, is given by A ( t ) = P ( 1 + 0.03 4 ) 4 t . If $500 is invested at 3%, compounded quarterly, how much will the investment be worth after 2 yr?
Solution Summary: The author explains that the initial investment is 500 compounded quarterly at 3% for 2 years. The Compound Interest can be obtained by using TI-83Plus calculator.
The amount of money,
A
(
t
)
, in a savings account that pay 3% interest, compounded quarterly for t years, with an initial investment of P dollars, is given by
A
(
t
)
=
P
(
1
+
0.03
4
)
4
t
.
If $500 is invested at 3%, compounded quarterly, how much will the investment be worth after 2 yr?
Use the graph of the function y = f (x) to find the value, if possible.
f(x)
8
7
6
Q5
y
3
2
1
x
-8 -7 -6 -5 -4 -3 -2 -1
1 2 3 4 5 6 7 8
-1
-2
-3
-4
-5
-6
-7
-8+
Olim f(z)
x-1+
O Limit does not exist.
If h(x)
=
-2x-8
49x2-9
what is lim h(x)?
x--00
Question
Find the following limit.
Select the correct answer below:
○ 0
○ 3
○ 6
∞
6x + 3e
lim
00+2
x 2
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY