Hello everyone. I hope you all had a very wonderfulThanksgiving . Please I need
ID: 3093949 • Letter: H
Question
Hello everyone. I hope you all had a very wonderfulThanksgiving . Please I need help solving these problems as usualand I'll surely appreciate your efforts.1a) My first question is to find how many( to the nearestten-thousand) are living in 2000 in a City growing at the rate of0.7% annually if there were 4,913,000 residents in the city in1992. I was asked to use y = 4,913,000(2.7)^0.007t
b) The value of a particular investment follows a pattern ofexponential growth. In the year 2000, some amount of money wasinvested in a money market. The value of the investment t yearsafter 2000 is given by the exponential growth model A=3000e^0.053t. When will the account be worth $5097? Please helpme.
Thanks.
Explanation / Answer
y=51940143000e^0.053t. =5097? t=10
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