Answer:
See explanation
Step-by-step explanation:
The standard compound interest formula is where:
P is the principal amount
r is the interest rate (typically as a percentage)
t is the time
n is the times compounded per unit of time
So,
1)
2)
3)
You should check my answers though, I may have mixed up some terms.
Answer: OPTION C.
Step-by-step explanation:
The formula of Exponential Growth has the following form:
Where "C" is the initial value, "r" is the growth rate and "t" is the time in years.
In this case we have the following expression:
We can identify that:
Therefore, the meaning of the expression is: The initial number of trees planted by the agency is 1,500, and the growth rate is 2% per year.