Question

im stuck on this question i need help (SOS)


2. Suppose the population of deer in a region was 3500 in the year 2000. Since then the population has grown by 3.5% annually. What will the approximate population be in the year 2020?




3. Michelle invests $8000 in a money market account that pays 3.25% interest compounded monthly. How much will be in the account after 12 years?

Answer 1

u are forever getting stuck

Answer 2

i have 35 questions and i need help in 4

Answer 3

ok

Answer 4

i just need help on these 2 and I'm good... well i hope -_-

Answer 5

ok

Answer 6

question 3 i got 3744000

Answer 7

@williamauthorlee how did you approach #3?

Answer 8

how did you get that answer? i need to show work or at least understand it

Answer 9

@Thugchick14 do u have the formulas? I don't remember them

Answer 10

i did 8000 x 3.25% +144x 12

Answer 11

i don't have the formulas or anything @kl0723 sorry :/

Answer 12

hey i got to go to sleep so will talk to u later

Answer 13

@Thugchick14 I'm trying to help you give me a sec ;)

Answer 14

oh okay thanks @kl0723

Answer 15

for #3 we need to use the compound interest formula:

Answer 16

n= # of times compounded... since is monthly is 12... since there are 12 months in a year times t=12 years ;)

Answer 17

oh that makes so much sense!! your a life savior by any chance do u n=know #2? @kl0723

Answer 18

ignore the n= part

Answer 19

I;m working on it ;)

Answer 20

on this one... we use Exponetial Growth Formula :)

Answer 21

lol that smiley face XD

Answer 22

lmao :)

Answer 23

thanks for the help I'm able to go on with the next question instead of being stuck