50 - 5 to the second power divided by 5
1 answer:
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Answer:
$97,958.42
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>t = time </em>
<em> </em>
First change 6.5% to its decimal form:
6.5% -> -> 0.065
Next plug in the values:
They have to pay back $97,958.42
Answer:
The estimated population in 2025 will be 22261221.
Step-by-step explanation:
Let us assume that the annual growth rate is compounded annually on the population.
Now, in 2000, the population was 19169000 and the annual growth rate is 0.6%, the the population in the year 2025 will be given by
≈ 22261221
Therefore, the estimated population in 2025 will be 22261221. ( Answer )