123. Compound Interest A deposit of $10,000 is made in a savings account for which the interest is compounded continuously. The balance will double in 12 years. (a) What is the annual interest rate for this account? (b) Find the balance after 1 year.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.5: Exponential And Logarithmic Models
Problem 30E: The table shows the mid-year populations (in millions) of five countries in 2015 and the projected...
icon
Related questions
Question
100%
123
where t = 0 represents the year 2000. In 1980, the
population was 215,000. Find the value of k and use
this result to predict the population in the year
2020. (Source: U.S. Census Bureau)
122. Radioactive Decay The half-life of radioactive
uranium II (234U) is 245,500 years. What percent of
the present amount of radioactive uranium II will
remain after 5000 years?
123. Compound Interest A deposit of $10,000 is made
in a savings account for which the interest is
compounded continuously. The balance will double
in 12 years.
(a) What is the annual interest rate for this account?
(b) Find the balance after 1 year.
124. Test Scores The test scores for a biology test
follow a normal distribution modeled by
y = 0.0499e-(x-71)²/128
where x is the test score.
(a) Use a graphing utility to graph the function.
(b) From the graph in part (a), estimate the average
test score.
pumber of words per minute N typed after t weeks
of lessons was found to be modeled by
157
N =
1 +5.4e-0.12r
neks necessary to type (a) 50
(a)
Transcribed Image Text:where t = 0 represents the year 2000. In 1980, the population was 215,000. Find the value of k and use this result to predict the population in the year 2020. (Source: U.S. Census Bureau) 122. Radioactive Decay The half-life of radioactive uranium II (234U) is 245,500 years. What percent of the present amount of radioactive uranium II will remain after 5000 years? 123. Compound Interest A deposit of $10,000 is made in a savings account for which the interest is compounded continuously. The balance will double in 12 years. (a) What is the annual interest rate for this account? (b) Find the balance after 1 year. 124. Test Scores The test scores for a biology test follow a normal distribution modeled by y = 0.0499e-(x-71)²/128 where x is the test score. (a) Use a graphing utility to graph the function. (b) From the graph in part (a), estimate the average test score. pumber of words per minute N typed after t weeks of lessons was found to be modeled by 157 N = 1 +5.4e-0.12r neks necessary to type (a) 50 (a)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning