So, the population will always be 50 percent of the previous population counted.
4,500×1.50^x=y
4,500 is the population that it starts with, while 1.50 is telling that it is increasing by 50%. X is the number of years.
We are trying to find it in 88 years, so we should replace x with 4. Here is the reason, it doubles every 22 years and we are looking 88 years.
4,500×1.50^4= 22,781.25
There can't be .25 of a person, so the answer would be 22,781.
Answer:
The Amount initially deposited is $37046.64
Step-by-step explanation:
A = p (1+r/n)^(nt)
A= final amount= $5000
P = principal amount=
r = rate = 0.05
n = number of times compounded
= 6*12
= 48
t = years= 6
A = p (1+r/n)^(nt)
50000 = p (1+0.05/48)^(48*6)
50000= p(1.001041667)^288
50000= p (1.34965)
50000/1.34965= p
37046.64 = p
The Amount initially deposited is $37046.64
30 people half of 60 is 30
