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A warren of bunnies is growing at 10% per month. Find the approximate doubling time. If the warren is currently at a population of 500 bunnies, use the approximate doubling time to nd the size of the warren in 2 years. Find the exact doubling time. Round to 2 decimal places,

A warren of bunnies is growing at 10% per month. Find the approximate doubling time. If the warren is currently at a population of 500 bunnies, use the approximate doubling time to nd the size of the warren in 2 years. Find the exact doubling time. Round to 2 decimal places,

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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7. A warren of bunnies is growing at 10% per month. a. Find the approximate doubling time. b. If the warren is currently at a population of 500 burinies, use the approximate doubling time to find the size of the warren in 2 years. c. Find the exact doubling time. Round to 2 decimal places. d. If the warren is currently at a population of 500 bunnies, use the exact doubling time to find the size of the warren in 2 years. e. What is the relative error caused by using the approximate doubling time instead of the exact doubling time? Round to 2 decimal places. SHOW YOUR WORK FOR ALL PARTS ON PAPER.
Transcribed Image Text:7. A warren of bunnies is growing at 10% per month. a. Find the approximate doubling time. b. If the warren is currently at a population of 500 burinies, use the approximate doubling time to find the size of the warren in 2 years. c. Find the exact doubling time. Round to 2 decimal places. d. If the warren is currently at a population of 500 bunnies, use the exact doubling time to find the size of the warren in 2 years. e. What is the relative error caused by using the approximate doubling time instead of the exact doubling time? Round to 2 decimal places. SHOW YOUR WORK FOR ALL PARTS ON PAPER.
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