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Ket [755]
3 years ago
12

The mayor of a city records the population each year since 1980. He models the data as P(t)=16.8(0.94)^t. Where P represents the

city’s population, in thousands of people and t represents the number of years since 1980
Select each true statement based on the population model.
A. The population has been increased since 1980
B. The population has changed by 94% each year since 1980
C. The population has changed by 6% each year since 1980
D. The population was 16,800 people in 1980
E. The population was 9,400 people in 1980
F. The population has been decreased since 1980
Mathematics
1 answer:
saw5 [17]3 years ago
5 0

Answer:

C, D, F are correct.

Step-by-step explanation:

If we look at the equation:

P(t)=16.8(0.94)^t

Is molded after this equation:

Population_{final}=Population_{initial}(1+r)^t

Where 1 represents 100%, r is the rate in decimals and t is time.

So this means that the initial population is 16.8 thousand or in other words 16,800 people.  The rate is 1-r, so the rate that the population is decreasing is 0.06 i.e. 6% (because 1-0.06=0.94).

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Answer:

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3 years ago
How much should be invested at 7% compounded daily for 15 years to make $200,000?
strojnjashka [21]

The amount of money that should be invested at 7% compounded daily is $199,421.68.

<h3>How to calculate compound interest.</h3>

Mathematically, compound interest is given by this formula:

A=P(1+\frac{r}{n} )^{nt}

<u>Where:</u>

  • A is the future value.
  • P is the principal.
  • R is the interest rate.
  • T is the time measured in years.
  • n is the number of times compounded.

<u>Given the following data:</u>

Future value = $200,000.

Interest rate = 7% = 0.07.

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Substituting the given parameters into the formula, we have;

200000=P(1+\frac{0.07}{365} )^{ 15}\\\\200000=P(1+0.00019)^{15}\\\\200000=P(1.00019)^{15}\\\\200000=1.0029P\\\\P=\frac{200000}{1.0029}

P = $199,421.68.

Read more on interest here: brainly.com/question/24341207

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3 years ago
Hi need help 2•4 then need to add 2
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Answer:

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Step-by-step explanation:

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