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3 years ago

13

$3000 is invested for a period of 3 years at a rate of 6% compound monthly. What will the balance in the account be at the end o

f 3 years?

1 answer:

Vedmedyk [2.9K]3 years ago

8 0

Answer:

Hence, the total amount of money that the investor would have after 6 years will be $ 536.04 .

Step-by-step explanation

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Fundamental theorem of calculus<br> <img src="https://tex.z-dn.net/?f=g%28s%29%3D%5Cint%5Climits%5Es_6%20%7B%28t-t%5E4%29%5E6%7D

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$\displaystyle g'(s) = (s-s^4)^6$

Step-by-step explanation:

The Fundamental Theorem of Calculus states that:
$\displaystyle \frac{d}{dx}\left[ \int_a^x f(t)\, dt \right] = f(x)$

Where <em>a</em> is some constant.

We can let:
$\displaystyle g(t) = (t-t^4)^6$

By substitution:

$\displaystyle g(s) = \int_6^s g(t)\, dt$

Taking the derivative of both sides results in:
$\displaystyle g'(s) = \frac{d}{ds}\left[ \int_6^s g(t)\, dt\right]$

Hence, by the Fundamental Theorem:

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