Answer:
$6261.61
Step-by-step explanation:
The solution to the differential equation is the exponential function ...
A(t) = 5000e^(0.0225t)
We want the account value after 10 years:
A(10) = 5000e^(0.225) = 6261.61
The value of the account after 10 years will be $6,261.61.
_____
The rate of change equation basically tells you that interest is compounded continuously. After working interest problems for a while you know the formula for that is the exponential formula A = A0·e^(rt).
Or, you can solve the differential equation using separation of variables:
dA/A = 0.0225dt
ln(A) = 0.0225t +C . . . . integrate
A(t) = A0·e^(0.0225t) = 5000·e^(0.0225t) . . . . solution for A(0) = 5000
Answer:
Nominal Interest Rate: Does not consider inflation provides a sense of purchasing power
Real Interest Rate: It describes the stated interest rate on an account and also considers inflation
Step-by-step explanation:
Real interest rate can be defined as the Nominal interest rate minus the inflation rate.
Nominal Interest Rate is the interest rate without taking into account the inflation
woah this is some crazy is
We know that
<span>In a right triangle
if A and B are complementary angles
cos A=sin B
therefore
if cos A=5/13
then sin B=5/13
the answer is
sin B=5/13</span>