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A bank features a savings account that has an annual percentage rate of r=2.4% with interest compounded quarterly. Navya deposits $11,500 into the account. The
A bank features a savings account that has an annual percentage rate of r=2.4% with interest compounded quarterly. Navya deposits $11,500 into the account. The account balance can be modeled by the exponential formula A(t)=a(1+kr)kt, where A is account value after t years, a is the principal (starting amount), r is the annual percentage rate, k is the number of times each year that the interest is compounded. (A) What values should be used for a,r, and k ? a=r=k= (B) How much money will Navya have in the account in 7 years? Answer =$ Round answer to the nearest penny. (C) What is the annual percentage yield (APY) for the savings account? Use A(t)=(1+kr)k1 (The APY is the actual or effective annual percentage rate which includes all compounding in the year). APY= %. Round answer to 3 decimal places. A population of bacteria is growing according to the equation P(t)=2000e0.22t. Estimate when the population will exceed 3622 . t> Give your answer accurate to one decimal place. Match each equation with a graph above 3(1.26)x4(1.26)x4(0.9)x4(0.65)x4(1.57)xa.blue(B)b.orange(Oc.red(R)d.black(K)e.green(G)
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