An amount of B was deposited in one of the investment bank accounts, whereby interest of A% is paid annually. The amount is calculated, so thạt n= capital, cumulative after a number of years based on the function d (x) = n (1 + m)* n= time in years, m = annual interest. a. Calculate the cumulative amount after 8 years. B. How many years does it take to invest an amount equal to 3 times the capital? c. Draw the function d (x). B=951 RO A=1%

An amount of B was deposited in one of the investment bank accounts, whereby interest of A% is paid annually. The amount is calculated, so thạt n= capital, cumulative after a number of years based on the function d (x) = n (1 + m)* n= time in years, m = annual interest. a. Calculate the cumulative amount after 8 years. B. How many years does it take to invest an amount equal to 3 times the capital? c. Draw the function d (x). B=951 RO A=1%

Name: An amount of B was deposited in one of the investment bank accounts,
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Description: An amount of B was deposited in one of the investment bank accounts, whereby interestof A% is paid annually. The amount is calculated, so thạt n= capital, cumulative after anumber of years based on the function d (x) = n (1 + m)*n= time in years, m

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 57SE: Repeat the previous exercise to find the formula forthe APY of an account that compounds daily....

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