A quantity with an initial value of 270 grows exponentially at a rate of 0.1% every 10 decades. What is the value of the quantit
y after 23 years, to the nearest hundredth
1 answer:
Answer:
270.06
How to solve:
Write a function:
f(t)=270(1+0.001)^{t/10}
23 years→23/10→2.3 decades
Plug in t=2.3
f(2.3)=270(1+0.001)^{2.3/10}
=270.062076106
≈270.06
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