Question
3) Complete the table for a savings account in which interest is compounded continuously. (Round any dollar amount to the nearest cent and any other
3) Complete the table for a savings account in which interest is compounded continuously. (Round any dollar amount to the nearest cent and any other value to 4 decimal places.)
Initial Investment | Annual % Rate | Time to Double | Amount After 8 Years | |||
$1,000 | % | 6 yr | $ |
4) Complete the table for the timet(in years) necessary forPdollars to triple when interest is compounded continuously at rater. (Round your answers to two decimal places.)
r | 2% | 4% | 7% | 8% | 11% | 13% |
---|---|---|---|---|---|---|
t |
5) A conservation organization releases 100 animals of an endangered species into a game preserve. The organization believes that the preserve has a carrying capacity of 1200 animals and that the growth of the herd will follow the logistic curve
p(t) =
1200 |
1 + 11e0.1621t |
where t is measured in months.
(a) What is the population after 9 months? (Round your answer to the nearest whole number.) ______ animals (b) After how many months will the population reach 500? (Round your answer to the nearest whole number.) ______ months (c) Use a graphing utility to graph the function. Use the graph to determine the values of p at which the horizontal asymptotes occur.
p = (smaller value) |
p = (larger value) |
Identify the asymptote that is most relevant in the context of of the problem and interpret its meaning. The population will approach as time ---Select--- increases decreases .
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