The number of gallons of water in the tank at t=10 is
... W(10) = 160,000 -10(8000 -10) = 80100
The number of gallons of water in the tank at t=10.5 is
... W(10.5) = 160,000 -10.5(8000 -10.5) = 76110.25
The rate of change over the interval is
... (W(10.5) - W(10))/(10.5 - 10) = (76110.25 - 80100)/(0.5) = -7979.5
The average rate of change in the number of gallons of water in the tank over the interval is -7979.5 gal/min.
The sign is negative, so the amount of water is decreasing.
Answer:
a) $3480
b) $4036.8
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Suppose that $3000 is placed in an account that pays 16% interest compounded each year.
This means, respectively, that
So
(a) Find the amount in the account at the end of 1 year.
This is A(1).
(b) Find the amount in the account at the end of 2 years.
This is A(2).