Answer:
$7,596.43
Step-by-step explanation:
The cost of the college tuition is increasing 5% compounded annually for 5 years.
∴ A = P(1 + r%)ⁿ
where A = tuition fee after 5 years.
P = current tuition
r = rate of increase
n = period
A = $5,952(1 + 5%)⁵
= $5,952(1 + 0.05)⁵
= $5,952 × 1.05⁵
= $7,596.43
=
Answer:
y =293(1.06) ^x
y = 370 after 4 years
Step-by-step explanation:
If we are using the model for growth
y = a ( 1+b)^x
a is the initial population
b is the increase rate
We can substitute the values into the equation
y =293 (1+.06) ^ x
y =293(1.06) ^x
Let x equal 4 for the 4 years
y = 293(1.06)^4
y=369.9
Answer:
10.67
Step-by-step explanation:
The 10 stays as it is. The 2/3 is approximated by 0.67 (to the nearest hundredth). Thus, we have 10.67 to the nearest hundredth.
Answer:
he can still lift 25 or more
