Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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MODELING REAL LIFE You deposit $2100 in an account that earns 5.2% annual interest compounded continuously.
a. Find the balance of your account after 10 years and after 15 years.
10 years: $
15 years: $
b. Your friend deposits $2550 in an account that earns simple interest at an annual rate of 4.8%.
The account with a greater balance after 10 years is
and after 15 years
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Transcribed Image Text:MODELING REAL LIFE You deposit $2100 in an account that earns 5.2% annual interest compounded continuously. a. Find the balance of your account after 10 years and after 15 years. 10 years: $ 15 years: $ b. Your friend deposits $2550 in an account that earns simple interest at an annual rate of 4.8%. The account with a greater balance after 10 years is and after 15 years
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