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Exponential Growth and Decay Models by Ceejay Ignacio is a document available to read on EtoBox.
1) The rabbit population grows exponentially at 8% per year. Using the growth formula P=Pe^rt, the population in 2020 is 1000(1.08)^15 = 3,276 rabbits. 2) You deposited $1000 at 8% interest. a) Annual interest is 1000(1.08) = $1080 b) Quarterly interest is 1000(1.02)^4 = $1032 c) Daily interest is 1000(1.0008)^365 = $1080.80
- Author
- Ceejay Ignacio
- Language
- EN