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Complete Example 4 to obtain (12.10).
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Mathematical Methods in the Physical Sciences
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- The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is given by A(t)=a(e)rt, where a is the amount ofprincipal initially deposited into an account thatcompounds continuously. Prove that the percentageof interest earned to principal at any time t can becalculated with the formula I(t)=ert1.arrow_forwardExplain thisarrow_forwardIron Sports have been tracking the sales of boxing bags fora number of weeks. Due to problems with production, Iron Sports produce less boxing bags. This results in sales decreasing by 10% each week. In the first week, the company earns $1500 from the sale of boxing bags. (a) How much money does the company earn from boxing bag sales in week 3? $ (b) Which formula could be used to find the total of this sequence for 4 weeks? a(1-r") Sn = [2a + (n – 1)d] S. = 1-r 1-r A 8 of 13 回MOOKO回口回E Select the correct answer: (c) Determine the total amount of money earned from boxing bag sales after 4 weeks. Give your answer to 2 decimal places. $ (d) After how many weeks will the total money earned from boxing bag sales be greater than twice the amount of money earned in the first week? 回RODROO和回 Complete the following: Total money earned > 回回口回券回回口口口E n = weeks.arrow_forward
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