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Popular Word Problems >

Ryan invested 5000 in an account that grows continuously at an annual rate of 2.5%. Write the function that represents the situation, where A is the value of Ryan's investment after t years.

Solução

R y an in v es t e d 5000 in an a cco u n t t ha t g ro w s co n t in u o u s l y a t an ann u a l r a t e o f 2.5%. W r i t e t h e f u n c t i o n t ha t re p rese n t s t h e s i t u a t i o n, w h ere A i s t h e v a l u e o f R y a n^{'} s in v es t m e n t a f t er t ye a rs .

Solução

Amount before addition : 4878.04878 \dots

Passos da solução

Translate the problem into an equation:

5000 = x + 0.025 x

5000 = x + 0.025 x : x = \frac{200000}{41}

\frac{200000}{41} = 4878.04878 \dots

Amount before addition : 4878.04878 \dots

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