Find accurate and reliable answers to your questions on IDNLearn.com. Find the answers you need quickly and accurately with help from our knowledgeable and experienced experts.
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]
We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Find precise solutions at IDNLearn.com. Thank you for trusting us with your queries, and we hope to see you again.