Multiply your monthly by 12
2543 x 12 = 30,516
First find the rate of growth
The formula is
P=Ae^rt
P 99 million
A 94 million
E constant
R rate of growth?
T time 1,999−1,993=6 years
Solve the formula for r
R=[log (p/A)÷log (e)]÷t
R=(log(99÷93)÷log(e))÷6
R=0.01
the population in 2005
P=Ae^rt
T time 2,005−1,993=12 years
P=93×e^(0.01×12)
P=105 million
Answer: $3,484 <em>(I hope this is the correct way to do it)</em>
Step-by-step explanation:
The formula is:
- SI = simple interest
- P = principal amount = $13,400
- R = interest rate (in percentage) = % = 6.5%
- T = time duration (in years) = 4 years
<em>If you want to find the total amount, add the principle amount and the interest.</em>
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