Question

For each problem:
a. State whether the problem is an example of growth or decay.
b. Solve the problem, showing all work leading to your answer.
c. Write 2–3 sentences to explain the meaning of the answer for the situation in the problem.

The general formula for compound interest.\[A=P(1+\frac{r}{n})^{nt}\]

The general formula for countinuous growth or decay. \[A=Pe^{rt}\]

Answer 1

@steve816 @3mar

Answer 2

use formula 2

Answer 3

\[\huge A=Pe^{rt}\]
\[\huge A=5000e^{.0275t}\]

Answer 4

i can't read how many years
put that in for \(t\)

Answer 5

@satellite73