Question
This Is Algebra. I Will Greatly Appreciate It If The Assignment Can Be Finished Today. I Will Mark It Most Helpful If It's Accurate and
This Is Algebra. I Will Greatly Appreciate It If The Assignment Can Be Finished Today. I Will Mark It Most Helpful If It's Accurate and If It's The Fastest Reply. Thanks In Advance.
1.A university invests $100,000 into an account that pays a 4.75% annual rate compounded continuously. Using the formulaA=Pert, where A=the amount in the account after t years, P=principal invested, and r=the annual interest rate, how many years, to thenearest tenth, will it take for the university's investment to double? b) to triple? c) to quadruple?
2.The population ofAllenwood is 158,000 and is increasing at an annual rate of 8.25%. This situation is modeled by the equationP(t)=158,000(1.0825)twhere P(t) represents the total population and t represents the number of years from now. a) How many years, to thenearest hundredth, will it take for the original population to double? b) to triple? c) to quadruple?
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