Answer: The initial amount in the account = $3600
Step-by-step explanation:
Since we have given that
The amount of money in a savings account after t years is represented by the function
As we know the formula "Compound Interest" :
So, According to our question,
Rate of interest = 0.35 = 35%
So, equate the both the equations , we get that
Hence, The initial amount in the account = $3600
Answer:
1.
a. The slope of the function is m = -32500, and it means the change in the value of V(t) for each unitary change in the value of t.
b. The V-intercept is b = 245000, and it means the value of V(t) when t = 0, that is, the inicial value of V(t).
c. The formula is:
2. t-intercept:
The t-intercept means when the function V(t) will be zero, that is, the truck has no value anymore.
3. Graph in the image attached.
4. The domain is t = [0, 7.5385] and the range is V(t) = [245000, 0].
5.
It means the price the truck will have after 8 years. It does not make sense, because the truck can't have a negative price.
6. After 3.6 years.
7. Between 3.23 years and 5.63 years.
Step-by-step explanation:
1.
The inicial value is 245,000, and each year the value decreases 32,500, so we can write the equation:
a. The slope of the function is m = -32500, and it means the change in the value of V(t) for each unitary change in the value of t.
b. The V-intercept is b = 245000, and it means the value of V(t) when t = 0, that is, the inicial value of V(t).
c. The formula is:
2.
To find the t-intercept we just need to use V(t) = 0 and then find the value of t:
The t-intercept means when the function V(t) will be zero, that is, the truck has no value anymore.
3.
The graph of the function is in the image attached.
4.
The domain is t = [0, 7.5385] and the range is V(t) = [245000, 0].
5.
It means the price the truck will have after 8 years. It does not make sense, because the truck can't have a negative price.
6.
After 3.6 years.
7.
Between 3.23 years and 5.63 years.
