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%.
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 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%.
(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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