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A quantity with an initial value of 4000 grows exponentially at a rate of 0.05% every 5 decades. What is the value of the quantity after 1 year, to the nearest hundredth?

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abidemiokin

The value of the quantity after 1 year, to the nearest hundredth is 4000.00

The exponential form of an equation

The standard exponential equation is eexpressed as:

[tex]P(t)=P_0e^{kt}[/tex]

Given the following parameters

[tex]P_0=4000\\r =0.0005\\t = \frac{1}{50} =0.02 (yearly)[/tex]

Substitute into the formula to have:

[tex]P(t)=4000e^{0.0005(0.02)}\\P(1)=4000e^{0.00001}\\P(1)=4000[/tex]

Hence the value of the quantity after 1 year, to the nearest hundredth is 4000.00

Learn more on exponential equations here: https://brainly.com/question/12940982

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