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QUESTION ONE a. Mr. Akrante operates a savings account at Ecobank Ghana Limited. His account earned a 12.5\% interest (r
Posted: Thu Jul 14, 2022 4:08 pm
by answerhappygod
- Question One A Mr Akrante Operates A Savings Account At Ecobank Ghana Limited His Account Earned A 12 5 Interest R 1 (103.99 KiB) Viewed 43 times
QUESTION ONE a. Mr. Akrante operates a savings account at Ecobank Ghana Limited. His account earned a 12.5\% interest (r) per annum compounded continuously. Suppose he deposits money into this account in a continuous cash flow rate of GHS 6,200 per year. i. Find an expression for the rate at which the balance (B) changes with respect to time(t) 5 marks] ii. Find the balance (B) at any time (T) [5 marks] QUESTION TWO The manager of Nike Shoes determines that t months after initiating an advertising campaign, N hundred pairs will be sold, where N=4+t220t2,0≤t≤4 Find the time (s) at which sales will be optimized. [5 marks ] What is the optimal level (s) of sales at this time (s) ? [5 marks]