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A common component of investing money is to take advantage of a financial institution's willingness to pay compound interest. Compound interest is basically interest paid on a deposit that continually accumulates interest. In general, the formula for compound interest can be represented by the following exponential function:
In this formula, P(t) represents the total money in the account after t years given the interest rate k which is compounded continuously. In this assignment, you will use this formula to explore the affect that compound interest can have over a period of time and at different interest rates.
Directions:
Solve the given equation.
Solve the given equations
Solving equation by using arithmetic operations.
It is estimated that the demand for a manufacturer's product is increasing exponentially at the rate of 2% per year. If the current demand is 5,000 units per year and if the price remains fixed at $400 per unit
Use the product rule to simplify the expression. Write the answer in exponential notation.
Graph the polynomial function.
Very few situations in the real world fit a linear pattern or even a non-linear pattern perfectly. How can we tell if the algebraic model we are using fits the situation "good enough?"
Equations for medical services
Choose three integers a, b, and c feel free to choose negative numbers. Use a, b, and c to create a trinomial ax2 + bx + c.
Does either player have a dominant strategy? Is there a Nash equilibrium in this game? Explain. Why is this game called a cooperative game?
Computing the number.
Write two equations that have your two integers as solutions. Show how you built the equations using your integers. Solve your system of equations by the addition/subtraction method. Make sure you show the necessary 5 steps.
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