If the interest paid was $1428 on a principal of $5100 and an interest rate of 4%, how many years was the loan for?
1 answer:
You might be interested in
Answer:
The population would be 3358
Step-by-step explanation:
Since, exponential growth function if the growth is compound continuously,
Where,
P = initial population,
r = growth rate per period,
t = number of periods,
Given,
The population in 2000, P = 2,400,
Growth rate per year = 1.68% = 0.0168,
Number of years from 2000 to 2020, t = 20,
Thus, the population in 2020,