iella opens a mutual fund account with a deposit of $15,000 and it promises to pay an annual interest rate of r%, compounded on a monthly basis. Derive a function B, which shows the balance on Daniella′s account the end of 6 years.   Make a comparison of the rates of change in B with resect to the interest rate when r is 8% , 10% and 12%.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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(a) If Daniella opens a mutual fund account with a deposit of $15,000 and it promises to pay an annual interest rate of r%, compounded on a monthly basis.

  • Derive a function B, which shows the balance on Daniellas account the end of 6 years.

 

  • Make a comparison of the rates of change in B with resect to the interest rate when r is 8% , 10% and 12%.

 

(b) A virus is believed to be spreading through a sheep farm according to that equation

                      1  

N = 450 (1 + 249e−0.1t ) where N is the number of sheep infected and t is the number of days.

 

 

  • How many sheep are infected at t = 0?
  • Using a spreadsheet calculate the number of sheep infected after 0, 10, 30 , 50, 70, 100 days)

 

  • Will all the sheep become infected eventually? Give reasons to support your answer.

 

 

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