Please tell me if I'm right or not
1 answer:
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Answer:
Step-by-step explanation:
The populational growth is exponential with a factor of 1.12 each year. An exponential function has the following general equation:
Where 'a' is the initial population (25,000 people), 'b' is the growth factor (1.12 per year), 'x' is the time elapsed, in years, and 'y(x)' is the population after 'x' years.
Therefore, the function P(t) that models the population in Madison t years from now is:
Answer:
(a). $20,000
(b). The estimate will be lower than the actual amount.
Step-by-step explanation:
We have been given that Michael saves $423 dollars a month for college.
(a). We know that 1 year equals 12 months.
4 years = 4*12 months = 48 months.
Since we are asked to find the estimated amount of money Michael will save in 4 years, so we will estimate both quantities as:
Therefore, Michael will save approximately $20,000 in 4 years.
(b).
The estimate will be lower than the actual amount as we rounded $423 down $23 to nearest hundred that is $400 and rounded 48 up 2 to nearest ten that is 40.
Therefore, the estimate will be lower than the actual amount.