Please help with my word problems?
Solve the problem.
The rabbit population in a forest area grows at the rate of 6% monthly. If there are 260 rabbits in April, find how many rabbits (rounded to the nearest whole number) should be expected by next April. Use y=260(2.7)^0.06t? (I don't understand how to solve this problem?)
The size of the beaver population at a national park increases at the rate of 5.1% per year. If the size of the current population is 151, find how many beavers there should be in 4 years. Use the function f(x)=151e^0.051t and round to the nearest whole number. (This is what I got so far: f(4)=151e^0.051t)
Find the accumulated value of an investment of $20,000 at 12% compounded annually for 5 years. (I know annually is once year, so this is over a period of 5 years, so it would be five years and I would have to use the formual a=p(1 +r/n)^nt)
Find the accumulated value of an investment of $700 at 16% compounded quarterly for 2 years
(I know quarterly means 4 times, so if its for 2 years, it would 8 times, and I think the equation I would use would be a=p(1 +r/n)^nt)
3 answers