The formula A = 24.2 e 0.0786t models the population of a US state, A, in millions, t years after 2000. Determine algebraically when the population was predicted to reach 31.4 million.The population of the state will reach 31.4 million in the year(Round up to the nearest year.) An amount of $4500 is invested at 12% interest, compounded daily.a. Find the future value in 5 years.b. Determine whether more or less money would have accrued if the money had been compounded quarterly.a. The total amount is $(Round to the nearest cent as needed.)b. Determine whether more or less money would have accrued if the money had been compounded quarterly. Choose the correct answer below.lessmore

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The formula A = 24.2 e 0.0786t models the population of a US state, A, in millions, t years after 2000. Determine algebraically when the population was predicted to reach 31.4 million. The population of the state will reach 31.4 million in the year (Round up to the nearest year.)

The formula A = 24.2 e 0.0786t models the population of a US state, A, in millions, t years after 2000. Determine algebraically when the population was predicted to reach 31.4 million. The population of the state will reach 31.4 million in the year (Round up to the nearest year.)

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter11: Rational And Irrational Numbers

Section11.5: Square Roots Of Variable Expressions

Problem 7P

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Question

The formula A = 24.2 e 0.0786t models the population of a US state, A, in millions, t years after 2000. Determine algebraically when the population was predicted to reach 31.4 million.
The population of the state will reach 31.4 million in the year
(Round up to the nearest year.)

An amount of $4500 is invested at 12% interest, compounded daily.
a. Find the future value in 5 years.
b. Determine whether more or less money would have accrued if the money had been compounded quarterly.
a. The total amount is $
(Round to the nearest cent as needed.)
b. Determine whether more or less money would have accrued if the money had been compounded quarterly. Choose the correct answer below.
less
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