Your friend asks you to help him determine the appropriate price to pay for an annuity offering a retirement income of P10,000 a
1 answer:
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Answer:
a)
b) The population increases 7.1% each year.
Step-by-step explanation:
The continuous population growth model is given by:
In which is the population after t years,
is the initial population and r is the growth rate.
In this problem, we have that:
A population grows from its initial levelof 22,000 at a continuous growth rcte of 7.1% per year.
This means that
a) Write a function to model the population increase.
b) By what percent does the populaiion increase each year?
So the population increases 7.1% each year.