Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 7 A population of bacteria is growing according to the equation P(t) = 1350e . Estimate when the population will exceed 2117. I= Give
Question 7 A population of bacteria is growing according to the equation P(t) = 1350e . Estimate when the population will exceed 2117. I= Give your answer accurate to one decimal place.I Question 4 v A bani: features a sayings account that has an annual percentage rate of r = 4.8%: with interest compounded Quarterly. Miranda deposits 591.5111] into the account. ,- kt The account balance can be modeled by the exponential formula Aft] = o(l + i) , where A is account value after t years _. e. is the principal {starting amount}, 1' is the annual percentage rate, It: is the number of times each year that the interest is compounded. [A] 1What values should he used for o, I; and k? a=|esun | r=|4.3 |_. k=|4 [3} HOW much money 1will Miranda have in the account in 7 years? Answer = S l |. Round onswer to the nearest penny. [C] 1What is the annual percentage yield [APW for the savings account? {The APT is the actual or effective annual percentage rate which includes all compounding in the year]. APY =| s2. Round answer to 3 decimal pfoces
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started