An investment of Php. 150,000.00 is subjected to an annual compound interest rate. If the investment will grow to Php. 200,000.00 after 7 years, how much will be the amount of investment after 15 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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Based on the groeth and decay model, answer the given problems. 

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  • An investment of Php. 150,000.00 is subjected to an annual compound interest rate. If the investment will grow to Php. 200,000.00 after 7 years, how much will be the amount of investment after 15 years?
       
  • A colony has 5500 bacterial and its population is growing at the rate of 15% per hour. What is the size of the population (if left untouched) after: 3 days? 1 week?
       
  • In the problem above, how many hours will it take for the colony to have its population size reach: a. 11,000? b. 55,000?
       
  • In the second problem given, using the model y= C0e-kt, determine the value of the growth factor. Give the exact form and then give the decimal form rounded off to 4 decimal places.
       
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