Money was placed in a savings account and earned 3/4 % interest paid annually. Samantha, Tony and Anuyia each wrote an equation
to show the amount of money in the account after one year with a balance of M dollars. T represents the total amount of money in the account. Samantha’s Equation: T = 1.075M
Tony’s Equation: T = M + 0.0075M
Anuyia’s Equation: T = M(1 + 0.0075M)
Since none of the equations were written the same, they decided to see if their equations would give the same answers by using a $75 balance. Solve this problem using each student’s equation. Show your work. You may use a calculator for this part of the assessment. Show your work to receive full credit.
Let denote the amount of uranium-238 in the reactor at time . As conversion to plutonium-239 occurs, the amount of uranium will decrease, so the conversion rate is negative. Because the rate is proportional to the current amount of uranium, we have
where is constant. Separating variables and integrating both sides gives
Suppose we start some amount . This means that at time we have , so that
We're given that after 10 years, 99.97% of the original amount of uranium remains. This means (if is taken to be in years) for some starting amount ,
The half-life is the time it takes for the starting amount to decay to half, :
or about 23,101 years. Notice that it doesn't matter what the actual starting amount is, the half-life is independent of that.