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

Question

3 years ago

9

6 months, to the nearest hundredth?

1 answer:

lorasvet [3.4K] · Answer 1 · 2022-05-10T23:31:37+03:00

<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

I hope this helps :D