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Veseljchak [2.6K]
2 years ago
14

In 2002, a certain town recorded 15,300 acres of underdeveloped land. Each year

Mathematics
1 answer:
Katyanochek1 [597]2 years ago
6 0

The approximate amount of underdeveloped land in 2013 is A = 15300 X e^-0.07(11).

<h3>How do you determine the future value when there is continuous compounding? </h3>

The formula for calculating future value of an investment when there is continuous compounding is A = P x   e^{r}x N

Where:

  • P = population in 2002
  • r = rate of decrease = 0.07
  • n = number of years = 2013 - 2002 = 11 years

A = 15300 X e^-0.07(11)

To learn more about future value, please check:   brainly.com/question/25760893

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