Regis deposits $5000 into an account for his 10-year-old child the bank has an annual interest rate of 8.5%, compounded monthly.
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Answer:
<h2>4773 peoples.</h2>Step-by-step explanation:
Given the number of people d, in thousands applying for medical benefits per week in a particular city c modeled by the equation d(t)=2.5 sin(0.76t+0.3)+3.8 where t is the time in years, the maximum number of people tat will apply will occur at d(t)/dt = 0
Differentiating the function given with respect to t, we will have;
First we need to know that differential of any constant is zero.
If then;
To know the maximum number of people in thousands that apply for benefits per year in the city, we wil substitute the value of t = 29.75 into the modeled equation
Since d is in thousands, the maximum number of people in thousands will be 4.7732*1000 = 4773.2 which is approximately 4773 peoples.