If a sum of $1000 is deposited into an account that pays r% interest compounded continuously, the
Question:
If a sum of $1000 is deposited into an account that pays r% interest compounded continuously, the balance after 12 years is given by A = 1000e12r/100.
Find and interpret dA/dr when r = 5.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
The balance increases by approxima...View the full answer
Answered By
Milan Mondal
I am milan mondal have done my Msc in physics (special astrophysics and relativity) from the University of burdwan and Bed in physical science from the same University.
From 2018 I am working as pgt physics teacher in kendriya vidyalaya no2 kharagpur ,west bengal. And also I am doing advanced physics expert in chegg.com .also I teach Bsc physics .
I love to teach physics and acience.
If you give me a chance I will give my best to you.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
If a sum of money is deposited into an account that pays r% interest compounded annually, the doubling time (in years) is given by Find and interpret dT/dr when r = 5. T = In 2 In(1 + r/100)
-
Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually. How much money will be in that account at the end of 4 years?
-
If Kelly deposits $10,000 into an account that pays 8 percent interest, compounded annually, and she makes no further deposits or withdrawals,how much will Kelly have in her account at the end of 5...
-
Split the number 750 into two numbers x and y so that the sum of 8% of the first number and 24% of the second number is 11.2% of the sum of x and y.
-
Discuss how slower economic growth or no economic growth would affect your college communityin particular, its marketing institutions.
-
A company has a P/E ratio of 18 with an earnings growth rate of 20%. The S&P 500's P/E is 15 with an earnings growth rate of 10%. a. Give an argument as to why the company is cheap relative to the...
-
During 2025, Mount Remarkable Golf Club received \($180\) 000 for membership fees. The accountant credits Unearned Membership Fees, a liability account, for the full amount when cash is received. At...
-
Design specifications require that a key dimension on a product measure 100 6 10 units. A process being considered for producing this product has a standard deviation of four units. a. What can you...
-
Differentiate between accelerator principle of investment and investment multiplier. Explain the determinants of induced investment in an economy. Given C=a+bY, explain "a" and "b" and then sketch...
-
UBER is facing a large number of law suits, among them a charge of technology theft from Google, installation of software that blanks out the availability of UBER rides near government buildings or...
-
The distance from Belmar the cat to a piece of string he is stalking is given in feet by where t is the time in seconds since he begins. (a) Find Belmars average velocity between 1 second and 3...
-
The U.S. dollar has been declining in value over the last century, except during the Great Depression, when it increased in value. The following table shows the number of dollars it took in various...
-
Draw all possible line drawings for the unsaturated hydrocarbon molecule in Practice Problem 17.5. Data from Practice Problem 17.5 A particular linear hydrocarbon molecule has six carbons and ten...
-
Mauro Products distributes a single product, a woven basket whose selling price is $23 per unit and whose variable expense is $17 per unit. The company's monthly fixed expense is $9,600. Required: 1....
-
Primary Task Response: Within the Discussion Board area, write 600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future...
-
For our discussion forum we are going to comment on a short video found in the website entitled "The truth about algorithms" by Cathy O'Neil https://www.youtube.com/watch?v=heQzqX35c9A 1. What is the...
-
Sam turned 18 on April 18, 2020 and opened up his TFSA. $12,000 were contributed ($6,000 for 2021 plus $6,000 for 2022 - the maximum TFSA dollar limits for those years). By the end of 2022, the value...
-
11-73. The mast on the boat is held in place by the rigging, which consists of rope having a diameter of 20 mm and a total length of 50 m. Assuming the rope to be cylindrical, determine the drag it...
-
Use Broyden's method with x(0) = 0 to compute x(2) for each of the following nonlinear systems. a. b. x21 + x2 37 = 0, x1 x22 5 = 0, x1 + x2 + x3 3 = 0. c. x31 + x21 x2 x1 x3 + 6 = 0, ex1 + ex2 x3 =...
-
Fill in each blank so that the resulting statement is true. A solution to a system of linear equations in two variables is an ordered pair that__________ .
-
Use the determinant theorems to evaluate each determinant. |7 -3 -6 2
-
Use the determinant theorems to evaluate each determinant. |1 6 7
-
Use the determinant theorems to evaluate each determinant. 4 2 4
-
Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September (actual) $53,000 Fourth Quarter October November December $43,000 38,000 63,000 Experience...
-
a. At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at...
-
Using the For.. loop, Write the program to ask the user for 7 deposits. As the user enters a deposit amount, update the balance using accumulation concept. Also, keep a count ofthe number of deposits...
Study smarter with the SolutionInn App