Answer:
On the sixth day (10 - 4), the worm was 2.5mm long.
Step-by-step explanation:
Giving the following information:
Future Value= 40mm
Present Value= 2.5mm
Number of periods (n)= ?
Growth rate= 100% per day
<u>First, we need to calculate the number of days it will take to grow from 2.5mm (PV) to 40mm (FV):</u>
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n= ln(FV/PV) / ln(1+i)
n= ln (40 / 2.5) / ln (2)
n= 4
It will take 4 days.
On the sixth day (10 - 4), the worm was 2.5mm long.