SOLUTION: Roland deposits money into two separate savings accounts on the same day. He deposits $600 into account A, which is compounded continuously at an annual interest rate of 4%. Into

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Question 912116: Roland deposits money into two separate savings accounts on the same day. He deposits $600 into account A, which is compounded continuously at an annual interest rate of 4%. Into account B, he deposits $400, which is compounded continuously at an annual interest rate of 8%. Both accounts are invested for n years after the initial deposit.
Part A: Write an exponential function for each account to represent the balance n years after Roland's initial deposit.
Please show the formula and how to do it.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
A = P e ^(rt),
A1 = 600 e ^(.04n)
A2 = 400 e ^(.08n)