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Naily [24]
3 years ago
13

Write a function to represent each problem situation Carmen deposits $1000into simple interest account.The rate for the account

is 4%.Write a function the represent the balance in the account as a function of time t
Mathematics
1 answer:
kolezko [41]3 years ago
7 0

The function the represent the balance in the account as a function of time t is p(t) = 1000 + 40t

<h3><u>Solution:</u></h3>

Given that,

Carmen deposits $1000 into simple interest account

The rate for the account is 4%

To find: function the represent the balance in the account as a function of time t

Given is simple interest account

The formula for simple interest is given as:

S.I = \frac{ prt}{100}

Where, "p" is the principal and "r" is the rate of interest and "t" is the number of years

In simple interest,

total amount after "t" years = principal + simple interest

Here in this question, Carmen deposits $1000

p_0 = 1000

r = 4 \% = \frac{4}{100} = 0.04

Thus we can frame a function as:

total amount after "t" years = principal + simple interest

p(t) = p_0 + (p_0 \times r \times t )

p(t) = 1000 + (1000 \times 0.04)t\\\\p(t) = 1000 + 40t

Where, p(t) is the amount after "t" years and p_0 is the principal sum

Thus the function is obtained

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