John, Sally, and Natalie would all like to save some money. John decides that it would be best to save money in a jar in his closet every single month. He decides to start with $300, and then save $100 each month. Sally has $6000 and decides to put her money in the bank in an account that has a 7% interest rate that is compounded annually. Natalie has $5000 and decides to put her money in the bank in an account that has a 10% interest rate that is compounded continuously.

Question

What type of equation models John’s situation? ______
Write the model equation for John’s situation________
How much money will John have after 2 years? _______
How much money will John have after 10 years? ________

Answer 1

Where are you stuck on this?

Answer 2

The whole thing. I don't understand it.

Answer 3

We have the following growth functions
John: 300 + 100x after x months
Sally: 6000 * 1.07^x after x years
now, what do you know about continuous interest?

Answer 4

dude just wants the entire answer i'm sure

Answer 5

girth.

Answer 6

You want to multiply the vector scalar projected onto the dot product of the terminal crosss product's velocity. Basically, the answer is relative to the proximity to gargantua's event horizon...
-Kip Murz Thorne