1600 - Months after Balance initial deposit (dollars) 1400 100 6 200 1200 12 400 1000 18 800 24 1600 800 600 400 200 6 12 18 24 Time (months) When a customer deposits an initial amount to her bank account, the balance grows continuously. The table and graph above show the bank balance in a customer's account at 6-month intervals for the 24 months immediately following the initial deposit. The balance in the customer's bank account i months after the initial deposit is made is modeled by the function B defined by B(t) = 100d°. B approximates the values in the table to within 20 dollars. What is the value of d, rounded to the nearest integer? Balance (dollars)

1600 - Months after Balance initial deposit (dollars) 1400 100 6 200 1200 12 400 1000 18 800 24 1600 800 600 400 200 6 12 18 24 Time (months) When a customer deposits an initial amount to her bank account, the balance grows continuously. The table and graph above show the bank balance in a customer's account at 6-month intervals for the 24 months immediately following the initial deposit. The balance in the customer's bank account i months after the initial deposit is made is modeled by the function B defined by B(t) = 100d°. B approximates the values in the table to within 20 dollars. What is the value of d, rounded to the nearest integer? Balance (dollars)

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter6: Polynomials

Section6.2: Use Multiplication Properties Of Exponents

Problem 168E: Depreciation Once a new car is driven away from the dealer, it begins to lose value. Each year, a...

See similar textbooks

Similar questions

Fill in the blanks. The continuous compound interest formula is A= _____.
Depreciation Once a new car is driven away from the dealer, it begins to lose value. Each year, a car loses 10% of its value. This means that each year the value of a car is 90% of the previous year’s value. If a new car was purchased for $20,000, the value at the end of the first year would be $20000(0.90) and the value of the car after the end of the second year would be $20000(0.90)2. Complete the table shown below. What will be the value of the car at the end of the eighth year? Simplify the expression, to show the value in dollars.
Interest Leigh Jacks plans to invest 500 into a money market account. Find the interest rate that is needed for the money to grow to 1200 in 14 years if the interest is compounded quarterly.
Equity in a Home When you purchase a home by securing a mortgage, the total paid toward the principal is your equity in the home. Technically, the lending agency calculates your equity by subtracting the amount you still owe on your mortgage from the current value of your home, which may be higher or lower than your principal. Assume that your mortgage is for 350, 000 at a monthly rate of 0.007 as a decimal and that the term of the mortgage is 30 years. Then your equity after k monthly payments is 350, 0001.007k-11.007360-1 dollars. Calculate the equity in your home after 10 years.