(b) Find the time when the two account balances will be the same. (Round your answer to two decimal places.) t 3= (c) Explain how the two account balances compare over time. The graph of B, is (above v the graph of B, until t = So the balance in the account corresponding to B, is greater before this time, and after this time the balance in the account

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....
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Need help with B & C
There are two savings accounts. The balances, in dollars, of the two
accounts after t years are given by the formulas
B, = 500 x 1.02*
B2 = 350 x 1.04ª.
(a) Make a graph of both balances on the same screen. Include times
up to 34 years.
B
B
1500
1500-
1000
1000
500
500
5
10
15
20
25
30
5
10
15
20
25
30
B
B
1500
1500
1000
1000
500
500
5
10
15
20
25
30
10
15
20
25
30
(b) Find the time when the two account balances will be the
(Round your answer to two decimal places.)
(c) Explain how the two account balances compare over time.
The graph of B, is (above
the graph of B2
until t =
So
the balance in the account corresponding to B, is greater
before this time, and after this time the balance in the account
corresponding to
B2
is (greater
Transcribed Image Text:There are two savings accounts. The balances, in dollars, of the two accounts after t years are given by the formulas B, = 500 x 1.02* B2 = 350 x 1.04ª. (a) Make a graph of both balances on the same screen. Include times up to 34 years. B B 1500 1500- 1000 1000 500 500 5 10 15 20 25 30 5 10 15 20 25 30 B B 1500 1500 1000 1000 500 500 5 10 15 20 25 30 10 15 20 25 30 (b) Find the time when the two account balances will be the (Round your answer to two decimal places.) (c) Explain how the two account balances compare over time. The graph of B, is (above the graph of B2 until t = So the balance in the account corresponding to B, is greater before this time, and after this time the balance in the account corresponding to B2 is (greater
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