Answers
By rewritting the exponential equation, we can see that the correct options are B and C.
Which equations show Nelson's balance after t years?We know that the balance is modeled by the exponential equation below:
[tex]A = 328.23\times e^{0.045*(t - 2)}[/tex]
Now we want to see which of the other equations are equivalent to this one, so we need to rewrite this equation, so let's do that.
First we can rewrite the second part to get:
[tex]A = 328.23\times e^{0.045\times(t - 2)}\\\\A = 328.23\times(e^{-2*0.045*}\times e^{0.045\times t})\\\\A = 300\times e^{0.045\times t}[/tex]
So that is an equivalent equation.
We also can keep rewritting this to get:
[tex]A = 300\times e^{0.045\times t}\\\\A = 300\times(e^{0.045})^t\\\\A = 300\times(1.046)^t[/tex]
The correct options are B and C.
Learn more about exponential equation at:
https://brainly.com/question/11832081
#SPJ1
Related Questions
The function S=m^(2)+6m+8 models the growth of book sales in m months, where S is an amount in thousands of dollars. In how many months do book sales reach $80,000 ?
Answers
Answer:
We are given the function S = m^2 + 6m + 8 which models the growth of book sales in m months, where S is an amount in thousands of dollars. We want to find in how many months book sales reach $80,000.
We can set up an equation as follows:
S = m^2 + 6m + 8 = 80
Subtracting 80 from both sides, we get:
m^2 + 6m - 72 = 0
We can factor this quadratic equation as:
(m + 12)(m - 6) = 0
This gives us two possible solutions:
m + 12 = 0 or m - 6 = 0
Solving for m in each case, we get:
m = -12 or m = 6
Since we are looking for a number of months, we can discard the negative solution.
Therefore, book sales reach $80,000 in 6 months.
So, the answer is: 6 months.
At age 25 , someone sets up an IRA (individual retirement account) with an APR of 4 %. At the end of each month he deposits $95 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period.
Question content area bottom
Part 1
After retirement the IRA will contain $
enter your response here.
(Do not round until the final answer. Then round to the nearest cent as needed.)
Answers
The formula for the future value of an annuity is FV = Pmt * (((1 + r)n - 1) / r) to calculate the balance of the IRA at age 65. To compare this amount to the total deposits made over the time period, Total Deposits = Pmt * n = $45,600.
How will you calculate the balance of the IRA?To calculate the balance of the IRA at age 65, we need to use the formula for the future value of an annuity:
FV = Pmt * (([tex](1 + r)^n[/tex] - 1) / r)
Where:
Pmt = $95 (the monthly deposit amount)
r = 4% / 12 = 0.003333 (the monthly interest rate)
n = (65 - 25) * 12 = 480 (the total number of months, assuming retirement at age 65)
Plugging in these values, we get:
FV = 95 * (([tex](1 + 0.003333)^480[/tex] - 1) / 0.003333)
FV = $98,052.52
Therefore, the IRA will contain $98,052.52 at age 65.
Part 2
To compare this amount to the total deposits made over the time period, we can calculate the total deposits as:
Total Deposits = Pmt * n
Plugging in the values, we get:
Total Deposits = 95 * 480
Total Deposits = $45,600
Therefore, the IRA will contain significantly more than the total deposits made over the time period, due to the power of compounding interest.
Learn more about interest here:
brainly.com/question/30393144
#SPJ1
The surface area of a cylinder is given by the formula SA = 2r2 + 2rh. A cylinder has a radius of 12 cm and a surface area of 1,632 cm^2 . Find the height of the cylinder.
A. 52 cm
B. 56 cm
C. 59 cm
D. 34 cm
Answers
SA = 2r^2 + 2rh
1632 = 2(12^2) + 2(12)(h)
1632 = 288 + 24h
24h = 1344
h = 56 cm
the height of the cylinder is 56 cm.