a) Write an expression for 8(t) (aka: force of interest) such that its accumulation function is the same as a 2% rate of simple interest. b) What is 8(8)?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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ChapterB: Differential Calculus Techniques In Management
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Write equation in the form: δ(t) = a'(t) / a(t)

a) Write an expression for 8(t) (aka: force of interest) such that its accumulation function is the same as a
2% rate of simple interest.
b) What is 8(8)?
Transcribed Image Text:a) Write an expression for 8(t) (aka: force of interest) such that its accumulation function is the same as a 2% rate of simple interest. b) What is 8(8)?
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