Question

Math Help Please ! Medals will be given !

Answer 1

the number of customers visiting a local business is 61 874 and has been continuously declining at a rate of 3.5% each year. What is the approximate number of customers in 15 years?

Answer 2

@wolf1728

Answer 3

Hello kayy
This seems somewhat similar to the other question.

Answer 4

I know i know i can bearly think right now its 2 in the morning can you please help me so i can go to bed

Answer 5

you there @wolf1728

Answer 6

61,874 3.5% decline per year in 15 years = ??
So "growth" is .965
After 1 year = where y = 1
61,874 * .965^y = 59,708

After 15 years,
61,874 * .965^15 =
61,874 * 0.5860163055
36,259

I hope it's right

Answer 7

describe the relationship between compound interest and exponential growth

Answer 8

Wow I thought that was it
I'd say they are the same thing

Answer 9

how ? i have to explain ?

Answer 10

Exponential growth is increasing an amount by a specific factor.
Example
If we have a bacteria colony of 50 that doubles every hour after 1 hour we have
2*50 = 100
after 2 hours 2*2*50 = 200
after 3 hours 2*2*2*50 = 400
Each time the amount increases by a factor of 2
Now for compound interest

Answer 11

Thank you and when you say now for compound interest do you have more ?

Answer 12

Yes
The compound interest formula
Total = Principal × ( 1 + Rate )^years
and more if you want it

Answer 13

Thank you soooo much. I do need a little more help on more questions, ill let you help others then come back to me pleasee and fast.

Answer 14

Okay for compound interest let's say annual interest rate is 5% so every year the amount increases by 1.05

Answer 15

Hello kayy

Answer 16

Where are you? I'm in Boston and it is 1:45.
Nova Scotia?

Answer 17

GA

Answer 18

Georgia?

Answer 19

Just 3 more questios i need help with after this one

Answer 20

Pleaseeee and thank you

Answer 21

@wolf1728

Answer 22

The answer is a)

Only 3 more ?????
Well you got me

Answer 23

Hold on one second im trying to snip it

Answer 24

Okay

Answer 25

@wolf1728

Answer 26

hello

Answer 27

describe how the account balance of a savings account earning simple interest is determined

Answer 28

Wow I wasted a lot of time on that one and still DON'T have an answer :-(

Answer 29

Simple Interest - I can do that

Answer 30

Simple Interest is calculated on the principal and never takes the interest into account
At 5% simple interest
$100 0 years
$105 2 years
$110 3 years
$115 4 years
$120 5 years

Answer 31

The attachment above ^^

Answer 32

@wolf1728

Answer 33

The answer is 88

Answer 34

LAST ONE :)

Answer 35

Hmmm that is a bit much for me
Sorry :-(

Answer 36

Mann okay thats okay can you check 3 of my answers to see if there right & then im going to bed

Answer 37

@wolf1728

Answer 38

Hello are you there im super tired

Answer 39

I'm still here
sorry for the delay