1. A couple invested ₱50,000 for their child's college education with an annual interest rate of 5.2% compounded annually. The amount after 18 years will be ₱124,524.
2. A population starting with 1,000 individuals doubles every 80 years. After 200 years, the population size will be 177 individuals.
1. A couple invested ₱50,000 for their child's college education with an annual interest rate of 5.2% compounded annually. The amount after 18 years will be ₱124,524.
2. A population starting with 1,000 individuals doubles every 80 years. After 200 years, the population size will be 177 individuals.
1. A couple invested ₱50,000 for their child's college education with an annual interest rate of 5.2% compounded annually. The amount after 18 years will be ₱124,524.
2. A population starting with 1,000 individuals doubles every 80 years. After 200 years, the population size will be 177 individuals.
1. Suppose that a couple invested ₱50,000.00 in an account when their
child was born, to prepare for their child’s college education. If the average interest rate is 5.2% compounded annually, give an exponential model for the situation. What is the amount at the time the child turns 18 years old? Given: Solution: P = ₱50,000.00 t y = P(1 + r) r = 5.2% = 0.052 18 y = 50,000(1 + 0.052) t = 18 years 18 y = 50,000(1.052) Formula: t Answer: y = 124524.0741 y = P(1 + r) The amount at the time the child turns 18 years old is ₱124,524. 2. A population starts with 1,000 individuals and doubles every 80 years. Give an exponential model for the situation. What is the size of the population after 200 years? Given: Solution: X A = 1000 individuals y = A (½) H H = 80 years 200 y = 1000 (½) 80 x = 200 years y = 1000 (½) 2.5 Formula: y = 1000 (0.1767766953) X y=A (½) H Answer: y = 176.7766953 The size of the population after 200 years is 177.