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sp2606 [1]
2 years ago
9

The equations in this sytem were added to solve for x. What is the value of x?

Mathematics
1 answer:
svetoff [14.1K]2 years ago
5 0

The value of x would be 1.

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Money Flow  The rate of a continuous money flow starts at $1000 and increases exponentially at 5% per year for 4 years. Find the
77julia77 [94]

Answer:

Present value =  $4,122.4

Accumulated amount = $4,742

Step-by-step explanation:

Data provided in the question:

Amount at the Start of money flow = $1,000

Increase in amount is exponentially at the rate of 5% per year

Time = 4 years

Interest rate = 3.5%  compounded continuously

Now,

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The present value of the money flow = \int\limits^4_0 {1000e^{0.05t}(e^{-0.035t})} \, dt

= 1000\int\limits^4_0 {e^{0.015t}} \, dt

= 1000\left [\frac{e^{0.015t}}{0.015} \right ]_0^4

= 1000\times\left [\frac{e^{0.015(4)}}{0.015} -\frac{e^{0.015(0)}}{0.015} \right]

= 1000 × [70.7891 - 66.6667]

= $4,122.4

Accumulated interest = e^{rt}\int\limits^4_0 {1000e^{0.05t}(e^{-0.035t}} \, dt

= e^{0.035\times4}\times4,122.4

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