A quantity with an initial value of 390 the keys continuously at a rate of 5% per decade what is the value of the quantity after
51 years to the nearest hundred
1 answer:
Answer:
4695.90
Step-by-step explanation:
The exponential growth function is given as:
y = a(1 + r)^t
a = Initial value = 390
y = Value after time t = ?
r = Growth rate = 5% = 0.05
t = Time in years =51
Hence
y = 390(1 + 0.05)⁵¹
y = 4695.9002123
Approximately = 4695.90
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