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Eddi Din [679]
3 years ago
9

1. The population of a small town has established a growth rate of 3% per year. If the

Mathematics
1 answer:
Rasek [7]3 years ago
8 0

Answer:

17 years

Step-by-step explanation:

3% of 2000 = 60

3000-200 = 1000

1000 ÷ 60= 16.6666666667

Round to the nearest whole number: 17

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Answer:

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Step-by-step explanation:

To find the amount, we use the compound interest formula.

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r is the interest rate = 12 1/3% = 37/3 = 12.33% which is same as 12.33/100 = 0.1233

n is the number of times interest is compounded. We have 15 2 months in 2 and a half years

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A = 6709(1 + 0.1233/15)^(15)(2.5)

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9112.95 - 6709 = 2403.95

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