A principal of (A) OR is deposited in an account that pays A/100 interest compounded yearly. Account balance function in response of time (years)is B(y) = I(1+ c)' I: initial value c: interest compounded yearly y: time in year Note: A = 519 W = 18 R = 8519

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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3- I want solution of all sub-part questions. Thanks

3. A principal of (A) OR is deposited in an account that pays A/100 interest compounded
yearly. Account balance function in response of time (years)is B(y) = I(1+ c)"
I: initial value
c: interest compounded yearly
y: time in year
Note: A = 519
W = 18
R = 8519
a. Find the account balance after W months.
b. Show by graphing if B(y) function is increasing or decreasing.
c. After how many years the account balance will be (R) OR.
Transcribed Image Text:3. A principal of (A) OR is deposited in an account that pays A/100 interest compounded yearly. Account balance function in response of time (years)is B(y) = I(1+ c)" I: initial value c: interest compounded yearly y: time in year Note: A = 519 W = 18 R = 8519 a. Find the account balance after W months. b. Show by graphing if B(y) function is increasing or decreasing. c. After how many years the account balance will be (R) OR.
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