To write: The function that represents the total amount of money in the account in the first account after three years.
Given information:
The first bank offers an interest rate
The second bank offers an interest rate of
Formula Used:
Calculation:
Let principal be
First bank:
Amount after 1 year in the account.
The amount after 1 year would be principal for next two years.
Amount After two years in the account:
Thus, the formula for the amount in account after three years is
To write: The function that represents the total amount of money in the account in the second account after three years.
Given information:
The first bank offers an interest rate
The second bank offers an interest rate of
Formula Used:
Calculation:
Let principal be
Second bank:
Amount after 3 years in the account.
Thus, the formula for the amount in account after three years is
To write: The function that represents the total amount of money in both accounts.
Given information:
The first bank offers an interest rate
The second bank offers an interest rate of
Formula Used:
Calculation:
First bank amount after 3 years is
Second bank amount after 3 years is
The total amount in both bank is:
Thus, the formula for the amount in account after three years in both account is
Chapter 7 Solutions
High School Math 2015 Common Core Algebra 2 Student Edition Grades 10/11
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