Answer:
50% I believe_________________
Answer:
$1136.60
Step-by-step explanation:
The formula for exponential growth is f(x) = a(1 + r)^x where a is the initial value, r is the growth rate, and x is the number of time intervals.
We know that Mr. Paris starts with an $1800 initial value, so we can substitute that into the equation:
f(x)=1800(1 + r)^x
We also know the time intervals is 6 months. So that can be substituted as well:
f(x)=1800(1 + r)^6
They told you that the growth rate is 8.5%, which is 0.085 of 1.
f(x)=1800(1 + 0.085)^6
Add the 2 values in the parentheses and you get 1.085
f(x)=1800(1.085)^6
Now solve.
Order of operations requires you to raise 1.085 to the 6th power before multiplying by 1800. So then you have this:
1800(1.63146751) = 2936.64152. That rounds to 2936.60
So $2936.60 is the total amount of money in the bank account, but were looking for the interest earned, which is the difference between the end value and the initial value.
$2936.60 - $1800 = $1136.60
Simplify the experssion and you get 10.
Hope this helps!
Answer:
16 years
Step-by-step explanation:
Let x represent the number of years. The suburb population is growing at a rate of 5000 per year after x years, it can be represented by the equation:
320000 + 5000x
The city population is declining at a rate of 14000 per year after x years, it can be represented by the equation:
624000 - 14000x
The number of years for the city and suburb population to be equal can be gotten from:
320000 + 5000x = 624000 - 14000x
14000x + 5000x = 624000 - 320000
19000x = 304000
x = 304000 / 19000
x = 16
In 16 years the populations of the suburb and the city be equal
The answers should be 1, 1, 0, 0
