Question

A certain quantity grows exponentially over time. The initial quantity at t = 0 is 100. The quantity grows by a factor of 2.5%. What is the quantity at t = 5?
A.
0.0000009766
B.
88.1096
C.
113.1408
D.
305.1758

Answer 1

What

Answer 2

\[P+(1+r)^n\]

Answer 3

this is what i meant

Answer 4

yeah but how do i do it

Answer 5

it grows by 2.5% (or *1.025) 5 times

Answer 6

you mean r = 0.025

Answer 7

is it C

Answer 8

yes

Answer 9

okay thanks

Answer 10

because 100*1.025*1.025*1.025*1.025*1.025 = 100*(1+0.025)^5 = 113.1408