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 * e^(0.10 * 10)\\\\A = 5000 * e^(1)\\\\A = 5000 * 2.71828\\\\A = 13591.4091`

Thus money after 10 years is $ 13591.4091