Find the present worth ofRS.2040 due 4 years hence reckoning interest at 5%p.a.
2 answers:
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Answer:
- <u>Option B. 59%</u>
Explanation:
The function that represents the number of E.coli bacteria cells per 100 mL of water as the time t years elapses is:
The base, 1.123, represents the multiplicative constant rate of change of the function, so you just must substitute 1 for t in the power part of the function:
Then, the multiplicative rate of change is 1.590, which means that every year the number of E.coli bacteria cells per 100 mL of water increases by a factor of 1.590, and that is 1.59 - 1 = 0.590 or 59% increase.