hope it helps.I was reading the same chapter
<h3>
Answer: 1034.44 dollars</h3>
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Work Shown:
A = P*(1+r/n)^(n*t)
A = 1000*(1+0.0085/1)^(1*4)
A = 1034.43596172007
A = 1034.44
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Notes:
- P = 1000 is the deposit or principal
- r = 0.0085 is the decimal form of the annual interest rate of 0.85%; we can say 0.85% = 0.85/100 = 0.0085
- n = 1 represents how many times per year we're compounding the money (ie annually)
- t = 4 = number of years
- The result of 1034.44 dollars is only possible if you do not withdraw any of the money in the four year time period.
This would be True. For example. If your number is 24, and 'n' is 12 ( a factor of 24 )
your factors of 12 (12, 6, 4, 3, 2, 1) are also included in the factors of 24 (which are 24, 12, 6, 4, 3, 2, 1)
1100/2
=550
because 100% is 500 and 100% is last year's population
