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Examine-dollars in a bank account at an annual interest rate

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Reference no: EM131602639

Question: If you invest P dollars in a bank account at an annual interest rate of r%, then after t years you will have B dollars, where

B = P(1 + (r/100))t

(a) Find dB/dt, assuming P and r are constant. In terms of money, what does dB/dt represent?

(b) Find dB/dr, assuming P and t are constant. In terms of money, what does dB/dr represent?

Reference no: EM131602639

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