Answer:
In 4 years, you will have $2,635.38
Step-by-step explanation:
The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n) ^ (nt)
Where:
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
Note that this formula gives you the future value of an investment or loan, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this:
Total compounded interest = P (1 + r/n) ^ (nt) - P
Answer:c
Step-by-step explanation:
c
Answer:
The time it will take the population to grow to 800 insects is 17 days.
Step-by-step explanation:
The growth function of the insects is exponential.
The exponential growth function is:

Here,
<em>y</em> = final value
<em>a</em> = initial value
<em>r</em> = growth rate
<em>t</em> = time taken
It is provided that there were 270 insects after 9 days and initially there were 80 insects.
Compute the value of <em>r</em> as follows:

Now, compute the time it will take the population to grow to 800 insects as follows:

Thus, the time it will take the population to grow to 800 insects is 17 days.