In 1990 the population of a certain country was 2.5 million and in 1998 the population was 3.8 million. (a) Find the annual growth rate. (Write in decimal form. Round to the nearest hundredth). (b) Determine what year the population will reach 6 million (assuming the growth rate stays the same). (a) r = (b) (hp

Q: A vehicle purchased for $22400 depreciates at a constant annual rate of 7% Determine the approximate…

A:

Q: Use the formula :to calculate the balance A of an investment when P = $3000, r = 6%, and t = 10…

A: Given :  P = $3000, r = 6% and t = 10 years

Q: Using S = Pert, find the annual rate of interest required for money to double in 7 years. (Round…

A:

Q: What monthly rate of interest is equivalent to 3.6% p.a. compounding semi-annually?

A: = final amount = Principal = interest rate = number of times interest applied per time…

Q: Find the time required for an investment of $5000 to grow $6700 at an interest rate of 7.5% per year…

A:

Q: A woman invests 5900$ into an account that pays 6% interest per year, compounded continuoulsy what…

A:

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Explanation: Given that,  P=$1000t=10yearsr=5%=0.05     Formula used: A=Pert

Q: (5) The present value that will give a future value S in 4 years with interest compounded annually…

A: According to question Present value $1525.79 Final value $2000 Then find the rate of interest

Q: A sum of $1000 is invested in an account that pays an annual interest rate of 1.6% per year. Assume…

A:

Q: Katie invested an amount of $18,000.00 in a mutual fund. After 4 years and 6 months the accumulated…

A: Use the formula for the compound interest and calculate the rate.

Q: Devra invested US dollars (USD) in an account that pays a nominal annual interest rate of 3.1 %,…

A:

Q: Find the annual simple interest rate of a loan, where $500 is borrowed and where $540 is repaid at…

A: We know that Simple interest (S.I)=PTR/100 Where P=principle             T=time in years…

Q: A famous painting was sold in 1945 for $21,520. In 1994 the painting was sold for $33.6 million.…

A: Explained below

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A:

Q: 5

A:

Q: 6. The number of motor vehicles in the world is N, in millions, can be modeled by the equationN =…

A:

Q: Suppose a country has a population of 50 million and projects growth rate of 5% per year for 20…

A:

Q: A house was valued at $110,000 in the year 1992. The value appreciated to $150,000 by the year 2001.…

A: At t=0 that is in 1992 the value is $110,000. At t=9 that is in 2001, the value is $150,000 Just…

Q: Sung Lee invests $8,000 at age 18. He hopes the investment will be worth $24,000 when he turns 30.…

A: I am going to solve the given problem by using some simple algebra to get the required result of the…

Q: A famous painting was sold in 1946 for $21,400, In 1991 the painting was sold for $31.2 million,…

A:

Q: (5) The present value that will give a future value S in 4 years with interest compounded annually…

A: Given that the future value is denoted by S. Also let the present value that will give a future…

Q: $2500 invested at 2.6% per year, compounded quarterly. In which year, after the initial investment,…

A:

Q: When the average price of an item increases from pi to P2 over a period of n years, the annual rate…

A:

Q: Seren purchases a house for Php 1,000,000 in 2020. The said house values according to the given…

A:

Q: An investment decreases by 50% over a period of 12 years. At what effective annual percent rate does…

A: Given Data: The investment decreased by: D=50% The time period is: n=12 years The decreased…

Q: $1000 invested at an investment account that pays 6% interest yearly. What will be the amount of…

A: Formula of Amount is P1+rnnt where ,  P  is a principal . r is annual interest rate in decimal form…

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Principle amount P=$15,000rate of interest, r=5.75%time, t=10 years

Q: The value of a CNC milling machine, originally valued at £240000, depreciates 15% per annum.…

A: Depreciation formula , P=Po(1-(r/100))n Where Po= original value P is the value after n years r=…

Q: 4. In the year 1985, a house was valued at $110,000. By the year 2005, the value had appreciated to…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: f 2000 dollars is invested in a bankaccount at an interest rate of 6 per cent per year, compounded…

A: 2000 dollars is invested in a bankaccount at an interest rate of 6 per cent per year, compounded…

Q: ose hopes to earn $700 in interest in 4.1 years time from $56,000 that he has available to invest.…

A:

Q: A population of bears originally numbers 45000. After 2 years of growth at the same rate each year,…

A:

Q: T= 0,025 If you invest $10,400 in the United States, and the interest is compounded monthly, when,…

A: Given Principle value P =$10,400 Amount A=$20,000 Rate  of interest r=0.025 To find when the amount…

Q: To find the amount A in an account after t years with principal P and an annual interest rate r (in…

A:

Q: You invested $7,500 in a stock whose value is depreciating by 9% per year, compounded annually.…

A:

Q: An investment of $3000 increases at a rate of 3% per year What is the value of the investment after…

A: Topic = Algebra The value of the investment after 30 years is $5700.

Q: you take out a php 20 000 loan at a 5% compounded annually. (a) give the exponential model for the…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

A: Solution:- calculate the time?

Q: Which is preferable? An interest rate of 7.5% p.a. compounding daily or an interest rate of 7.30%…

A:

Q: Find the present value of $3000 due after five years if the interest rate is 9% compounded…

A: Given: A present value of $3000 due after five years if the interest is 9% compounded quarterly. To…

Q: A perpetuity earns interest àt an annual rate of 4.2% compounded monthly and has monthly withdrawals…

A: Given that: Interest rate of perpetuity: 4.2$ Compounded monthly Monthly withdrawals = $595 To…

Q: A factory bought a machine a certain number of years ago, and the value of the machine depreciated…

A: here we took rate as negative because it is given as depreciation.

Q: You invest $12,000 at an annual rate of three percent. Find the balance after five years when the…

A:

Q: Sung Lee invests $8,000 at age 18. He hopes the investment will be worth $32,000 when he turns 25.…

A: Given: P=$8000t=25-18=7 yearsA=$32000

Q: Complete the table for a savings account in which interest is compounded continuously. (Round your…

A: Let the interest rate = r Given initial amount= P= 350  Time = t = 10 years  Final amount = A=…

Q: A sum of money was invested at a constant interest rate compounded annually. After five years, the…

A:

Q: The hourly wagre of workers was raised once a year and grew exponetionally from $10.00 to $12.49 in…

A:

Q: James is investing $15,000 in the bank. The investment has an interest rate of 6% compounded…

A: