Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
[tex]\qquad \textit{Amount for Exponential Growth} \\\\ A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{initial amount}\dotfill &250\\ r=rate\to 16\%\to \frac{16}{100}\dotfill &0.16\\ t=\textit{elapsed time} \end{cases} \\\\\\ A=250(1 + 0.16)^{t}\implies A=250(1.16)^t \\\\[-0.35em] ~\dotfill[/tex]
[tex]A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\dotfill &1000\\ P=\textit{initial amount}\dotfill &250\\ r=rate\to 16\%\to \frac{16}{100}\dotfill &0.16\\ t=\textit{elapsed time} \end{cases} \\\\\\ 1000=250(1.16)^t\implies \cfrac{1000}{250}=1.16^t\implies 4=1.16^t \\\\\\ \log(4)=\log(1.16^t)\implies \log(4)=t\log(1.16) \\\\\\ \cfrac{\log(4)}{\log(1.16)}=t\implies \stackrel{\textit{about 9 years and 4 months}}{9.34\approx t}[/tex]
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
