The answers are on the 3rd picture

8. An investment grows exponentially and was valued at $11,000 in the year 1995. The value appreciated to $14,000 by the year 2008. What was the annual growth rate between 1995 and 2008? Assume that the value continues to grow by the same percentage. What did the value equal in the year 2012? 9. A car was valued at $38,000 in the year 2003. The value depreciated exponentially to $11,000 by the year 2009. Assume that the car value continues to drop by the same percentage. What was the value in the year 2013?10. If $4,000 is invested in a bank account at an interest rate of 7 percent per year, find the amount in the bank after 9 years if interest is compounded annually, quarterly, monthly, and continuously 1 1. The island of Manhattan was sold for $24 in 1626. How much would this amount have grown to by 2019, if it had been invested at 6% per year compounded continuously? 12. In 1968, the U.S. minimum wage was $1.60 per hour. In 1976, the minimum wage was $2.30 per hour. Assume the minimum wage grows according to an exponential model w(r) , where t represents the time in years after 1960. a. Find a formula for w(t) b. If the minimum wage was $5.15 in 1996, is this above, below or equal to what the model predicts?Answers. 1. y = 6(5)x 2. y = 2000(0.1)x 3. y = 3(2)x 4. y = = (2) * 5. P(t) = 11,000 (1.085)x, about 12,949 organisms 6. $17,561.70 7. 34.32mg 8. 1.87%, $15,078.37 9. $4,813.55 10. $7353.84, $7469.63, $7496.71, $7510.44 11. $417,710,242,922.55 12. a) w(t) = (1.113)(1.046)t, b. Below, since the model predicts $5.70