The function

35 Reputation

3 Badges

0 years, 95 days

MaplePrimes Activity


These are answers submitted by The function

rsolve({b(n + 1) = b(n) + 7.75/100*b(n) - 908.97, b(0)=4000}, b(n)):
b := unapply(evalf(%), n);

b(30)=470415.2588

So after 30 years of saving, you will have : $470415.2588, with 7.75%, and $4000 dollar each year, starting off with $4000. 


 

rsolve({b(0) = 4000, b(n+1) = b(n)+(7.75*(1/100))*b(n)+4000}, b(n)); b := unapply(evalf(%), n)

proc (n) options operator, arrow; 55612.90323*1.077500000^n-51612.90323 end proc

(1)

b(30)

470415.2588

(2)

``

``


 

Download example_saving_account_at_7.75%.mw
 

Page 1 of 1