Mathematics, 04.01.2022 23:40, jt121717
Nick deposits money in a Certificate of Deposit account (CD). The balance (in dollars) in his account t years after making the deposit is given by N(t)=400(1.06)tfor t ≥ 0. Explain, in terms of the structure of the expression for N(t), why Nick's balance can never be $399
Tasha deposits money in a similar Certificate of Deposit account (CD). The balance in her account is described, with units as in Nick’s deposit, T(t)=650(1.03)tfor t ≥ 0. Use the structure of the expressions for N(t) and T(t) to describe how the two balances compare over time
By what percent does the value of N(t) grow each year? What about T(t)? Explain using complete sentences
Answers: 3
Mathematics, 21.06.2019 21:30, mazolethrin6876
The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?
Answers: 1
Nick deposits money in a Certificate of Deposit account (CD). The balance (in dollars) in his accoun...
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