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Kisachek [45]
2 years ago
11

How much interest is earned on a principle of $838.50 invested at an interest rate of 19% for 6 years? Round to the nearest cent

Mathematics
1 answer:
Mekhanik [1.2K]2 years ago
4 0

Answer:

$956

Step-by-step explanation:

Interest = Principal(Rate)(Time)/100

Interest = 838.5(19)(6)/100)

Interest = $95589/100

Interest = $955.89

Interest = $956(to the nearest cent)(Answer)

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The rabbit population of Springfield, Ohio was 144,000 in 2016. It is expected to decrease by about 7.2% per year. Use an expone
ehidna [41]

Answer:

The estimated Rabbit population by the year 2036 is 32,309 rabbits

Step-by-step explanation:

In this question, we are expected to use the exponential decay function to estimate population of rabbits in a certain year.

An exponential decay function refers to an equation that estimates the value of a parameter(dependent parameter) at a certain value of the independent parameter given that the independent parameter decreases at a certain constant rate.

Firstly, what we need to do is to write the decay function. To do this, we shall be representing the population by variable P, the rate by r , the number of years by t and the initial population by I

Mathematically, we have the decay function as;

P = I(1-r)^t

From the question, we identify these values as;

P = 144,000 : r = 7.2% =  7.2/100 = 0.072, I = 144,00 and t = 2036-2016 = 20 years

Let's plug these values;

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