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Illusion [34]
3 years ago
9

A quantity with an initial value of 800 grows continuously at a rate of 4.5% per year. What is the value of the quantity after 9

6 months, to the nearest hundredth?
Mathematics
1 answer:
lorasvet [3.4K]3 years ago
5 0
<h2>Answer: 16992</h2>

Step-by-step explanation:

So the initial value of 800 is on per year.

We want to find 1 month of the initial value.

I need 800/4.5

But 800/4.5 is the same as 8000/45.

8000/45= 177.777777778...

To find the nearest hundredth, 177.

177 is the 1 month of the initial value, so times 96 would be

<u><em>177*96= 16992</em></u>

I hope this helps :D

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