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

Question

3 years ago

12

51 years to the nearest hundred

1 answer:

Fed [463] · Answer 1 · 2022-04-20T11:16:59+03:00

Fed [463]3 years ago

3 0

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