Question

If you have a bank account that is modeled bybthe following equation, how much money would you have after 10 years. A=5000e 0.10t. Using the problem solving Temple with rational functions.

Answer 1

The money after 10 years is $ 13591.4091

Solution:

Given that,

If you have a bank account that is modeled by the following equation:

$A = 5000e^{0.10t}$

To find: Money after 10 years

How much money would you have after 10 years

Substitute t = 10 in above given equation

$A = 5000 \times e^{0.10 \times 10}\\\\A = 5000 \times e^{1}\\\\A = 5000 \times 2.71828\\\\A = 13591.4091$

Thus money after 10 years is $ 13591.4091