Five thousand dollars is deposited into a savings account at 2.5% interest compounded continuously. a. What is the formula for A(t), the balance after t years?

b. What differential equation is satisfied by A(t), the balance after t years?

c. How much money will be in the account after 5 years? (Do not round until your final answer. Round your final

answer to the nearest cent as needed.

d. When will the balance reach $7,000? (Do not round until your final answer. Round your final answer to the

nearest tenth as needed.)

A). A(t) = P(1+r/n)^(nt)

B). DA/Dt = np(1+r/n)^(t)

C). A(5) =$ 5664.0

D).t = approximately 13.5 years

Step-by-step explanation:

A(t) = P(1+r/n)^(nt)

P = $5000

n= t

r= 2.5%

After five years t = 5

A(t) = P(1+r/n)^(nt)

A(5) = 5000(1+0.025/5)^(5*5)

A(5) = 5000(1+0.005)^(25)

A(5)= 5000(1.005)^(25)

A(5) = 5000(1.132795575)

A(5) = 5663.977875

A(5) =$ 5664.0

When the balance A= $7000

A(t) = P(1+r/n)^(nt)

7000= 5000(1+0.025/n)^(nt)

But n= t

7000= 5000(1+0.025/t)^(t²)

7000/5000= (1+0.025/t)^(t²)

1.4= (1+0.025/t)^(t²)

Using trial and error

t = approximately 13.5 years

answer: 1,380

step-by-step explanation:

1: you turn %15 into a decimal by moving the decimal point two places to the left.

2: and then you multiply .15 by 1,200 , which will get you 180.00

3: from there you will add 180 to 1,200

4: which will get you 1,380

hope it *im kind of slow so idk if my answer is right*

saving = more money

step-by-step explanation:

if you have 100 bucks, and you want to buy a candy bar, even if you have one at home, if you choose not to buy it, you save.

~courtney