Gen invests $2400 in a savings account that pays interest rate of 4% per year, compounded annually. she leaves the money in her account for 10 years and she does not invest or withdraw any money during this time.
(a) calculate the value of her savings after 10 years.
(b) The rate of inflation during the 10 years period is 1.5% per year. Calculate the real value of her savings after 10 years
Gen Invests 2400 In A Savings Account That Pays Interest Rate Of 4 Per Year Compounded Annually She Leaves The Money 1 (58.64 KiB) Viewed 46 times
2. A population of 200 rabbits was introduced to an island. One week later the number of rabbits was 210. The number of rabbits, N, can be modelled by the function N(t) = 200 x b', 120, where t is the time, in weeks, since the rabbits were introduced to the island. (a) Find the value of b. (b) Calculate the number of rabbits on the island after 10 weeks. An ecologist estimates that the island has enough food to support a maximum population of 1000 rabbits. Calculate the number of weeks it takes for the rabbit population to reach this maximum
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