Fresh features from the #1 AI-enhanced learning platform.Try it free
Fresh features from the #1 AI-enhanced learning platformCrush your year with the magic of personalized studying.Try it free
Question

For each function, find the amount of money Margaret would have in her account after 10 years and after 20 years.

Solution

Verified
Step 1
1 of 3

A(t)=10000(1.05)t\begin{equation*} A(t) = 10000 \cdot (1.05)^t \end{equation*}

A(10)=10000(1.05)10\begin{equation*} A(10) = 10000 \cdot (1.05)^{10} \end{equation*}

A(10)=10000(1.629)=16290\begin{equation*} A(10) = 10000 \cdot (1.629) = 16290 \end{equation*}

A(20)=10000(1.05)20\begin{equation*} A(20) = 10000 \cdot (1.05)^{20} \end{equation*}

A(20)=10000(2.653)=26530\begin{equation*} A(20) = 10000 \cdot (2.653) = 26530 \end{equation*}

Substitute t = 10 and 20 and solve for A(t)A(t).

a. For P=10000P = 10000.

Create an account to view solutions

Create an account to view solutions

Recommended textbook solutions

Precalculus 2nd Edition by Carter, Cuevas, Day, Malloy

Precalculus

2nd EditionISBN: 9780076602186 (1 more)Carter, Cuevas, Day, Malloy
8,886 solutions
Precalculus with Limits 3rd Edition by Larson

Precalculus with Limits

3rd EditionISBN: 9781133962885 (3 more)Larson
11,142 solutions
Precalculus: Mathematics for Calculus 7th Edition by Lothar Redlin, Stewart, Watson

Precalculus: Mathematics for Calculus

7th EditionISBN: 9781305071759 (3 more)Lothar Redlin, Stewart, Watson
9,606 solutions
SpringBoard Precalculus 1st Edition by The College Board

SpringBoard Precalculus

1st EditionISBN: 9781457301544The College Board
2,641 solutions

More related questions

1/4

1/7