(b) The population of a country is currently 625,000 and is growing at a continuous rate of 1.2%. (i) Write down the formula that explains the size of the country's population. (ii) What would the size of the population of the country be after six years? (Answer to 2 decimal places. (iii) After how many years would the population of the country reach 1 million (1,000,000)? (Answer to two decimal places and show your workings.)
(b) The population of a country is currently 625,000 and is growing at a continuous rate of 1.2%. (i) Write down the formula that explains the size of the country's population. (ii) What would the size of the population of the country be after six years? (Answer to 2 decimal places. (iii) After how many years would the population of the country reach 1 million (1,000,000)? (Answer to two decimal places and show your workings.)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Please no written by hand and no emage
Transcribed Image Text:(a) Richard wishes to save £65 per month for thirty years for his retirement. Bank A offers
him an interest rate of 3% per annum, compounded monthly and Bank B offers him an
interest rate of 3.06% per annum, compounded monthly.
(i) How much interest would Richard earn after thirty years if he saves his money in bank A
at the beginning of each month?
(ii) How much interest would Richard earn after thirty years if he saves his money in bank B
at the end of each month?
(b) The population of a country is currently 625,000 and is growing at a continuous rate of
1.2%.
(i) Write down the formula that explains the size of the country's population.
(ii) What would the size of the population of the country be after six years? (Answer to 2
decimal places.
(iii) After how many years would the population of the country reach 1 million (1,000,000)?
(Answer to two decimal places and show your workings.)
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