First find the rate of growth
45000=18000(1+r)^(2010-2005)
Solve for r
r=((45,000÷18,000)^(1÷5)−1)×100
R=20%
Use it to find the population in 2015
P=45000(1+0.20)^(2015-2010)
P==111,974.4
Answer:
A).Amount = $218250
B). Amount = $88700
Step-by-step explanation:
A) .$5000 in an account at age 23, and withdraw it 42 years
Number of years t= 42 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 42
A= p(1+r/n)^(nt)
A= 5000(1+0.09/42)^(42*42)
A= 5000(1+0.002143)^(1764)
A= 5000(1.002143)^1764
A= 5000(43.65)
A= 218250
Amount = $218250
B).waits 10 years before making the deposit, so that it stays in the account for only 32 years
Number of years t= 32 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 32
A= p(1+r/n)^(nt)
A= 5000(1+0.09/32)^(32*32)
A= A= 5000(1+0.0028125)^(1024)
A= 5000(1.0028125)^1024
A= 5000(17.74)
A= 88700
Amount = $88700
Answer: 72
<u>Step-by-step explanation:</u>
There are 9 students to choose from to go the library. After that person is chosen there are 8 students remaining.
First student and Second student
9 x 8 = 72
Answer:
79
Step-by-step explanation:
(237)(1/3) = 79