Ella deposited $2500 into a savings account. The relationship between the time, t, in years, since the account was first opened, and Ella's account balance, B (t), in dollars, is modeled by the following function.

B (t) = 2500⋅e^0.025t

What will the balance of Ella's savings account be after 4 years?

Question

Mathematics

Coreen

23 October, 19:21

Ella deposited $2500 into a savings account. The relationship between the time, t, in years, since the account was first opened, and Ella's account balance, B (t), in dollars, is modeled by the following function.

B (t) = 2500⋅e^0.025t

What will the balance of Ella's savings account be after 4 years?

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Answers (1)

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Nikolai Curry · Answer 1

She will have $2762.927

Step-by-step explanation:

The modeled function is

B (t) = 2500*e^0.025t

Where t represent the time in years. In four years, her account would be

B (t) = 2500 * e^0.025 (4)

B (t) = 2500 * e^0.1

B (t) = 2762.927

In four years, Ella would have $2762.927 in her account