maggiestevens1845 maggiestevens1845

Today at 11:31 PM
Mathematics

Answered

Suppose $500 is invested in an account at an annual interest rate of r =5.5%, compounded continuously.

(a) Let t denote the number of years after the initial investment and A(t) denote the amount of money in the account at time t. Find a formula for A(t).
(b) Find the amount of money in the account after 9 years and after 17 years. Round your answer to the nearest cent (hundredths).

Answer :

sammyayol2013 sammyayol2013

Today at 11:36 PM

Answer: a) A(t)= $500(1.055)^t

b) Amount after 9 years A(9) = $809.55

Amount after 17 years A(17) = $1242.40

Step-by-step explanation: shown in the attachment.

${teks-lihat-gambar} sammyayol2013

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