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3 years ago

12

You received your monthly bank statement and you are reconciling your account balance using the information below. What is the t

rue balance of your checking account? Check Register Balance $314.97 Bank Statement Balance $423.68 Outstanding Checks $123.71 Service Charge $15.00

1 answer:

yulyashka [42]3 years ago

4 0

Answer:

it was 345.

Step-by-step explanation:

Balance in your checkbook, $356

Balance on bank statement, $472

Service charge and other fees, $15

Interest earned on the account, $4

Total of outstanding checks, $187

Deposits in transit, $60

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Answer:

(a) 100 fishes

(b) t = 10: 483 fishes

t = 20: 999 fishes

t = 30: 1168 fishes

(c)

$P(\infty) = 1200$

Step-by-step explanation:

Given

$P(t) =\frac{d}{1+ke^-{ct}}$

$d = 1200\\k = 11\\c=0.2$

Solving (a): Fishes at t = 0

This gives:

$P(0) =\frac{1200}{1+11*e^-{0.2*0}}$

$P(0) =\frac{1200}{1+11*e^-{0}}$

$P(0) =\frac{1200}{1+11*1}$

$P(0) =\frac{1200}{1+11}$

$P(0) =\frac{1200}{12}$

$P(0) = 100$

Solving (a): Fishes at t = 10, 20, 30

$t = 10$

$P(10) =\frac{1200}{1+11*e^-{0.2*10}} =\frac{1200}{1+11*e^-{2}}\\\\P(10) =\frac{1200}{1+11*0.135}=\frac{1200}{2.485}\\\\P(10) =483$

$t = 20$

$P(20) =\frac{1200}{1+11*e^-{0.2*20}} =\frac{1200}{1+11*e^-{4}}\\\\P(20) =\frac{1200}{1+11*0.0183}=\frac{1200}{1.2013}\\\\P(20) =999$

$t = 30$

$P(30) =\frac{1200}{1+11*e^-{0.2*30}} =\frac{1200}{1+11*e^-{6}}\\\\P(30) =\frac{1200}{1+11*0.00247}=\frac{1200}{1.0273}\\\\P(30) =1168$

Solving (c): $\lim_{t \to \infty} P(t)$

In (b) above.

Notice that as t increases from 10 to 20 to 30, the values of $e^{-ct}$ decreases

This implies that:

${t \to \infty} = {e^{-ct} \to 0}$

So:

The value of P(t) for large values is:

$P(\infty) = \frac{1200}{1 + 11 * 0}$

$P(\infty) = \frac{1200}{1 + 0}$

$P(\infty) = \frac{1200}{1}$

$P(\infty) = 1200$

5 0

2 years ago