The function A(t) in Fig. 2(a) gives the balance in a savings account after t years with interest compounded continuously. Figure 2(b) shows the derivative of A(t).

(a) What is the balance after 20 years?

(b) How fast is the balance increasing after 20 years?

(c) Use the answers to parts (a) and (b) to determine the interest rate.

(d) When is the balance $300?

(e) When is the balance increasing at the rate of $12 per year?

(f) Why do the graphs of A(t) and A(t) look the same?

Transcribed Image Text:

Y 350 250 150 50 Figure 2 y = A(t) 10 20 (a) 30 a 14 10 6 2 y = A'(t) 10 20 (b) 30