Question

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?

Answer 1

Answer:

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