How much money will you have after 5 years, if you invest 00000 at thé raté ol 2% compounded monthly?

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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1. How much money will you have after 5 years, if you invest P2,000.00 at the rate of
2% compounded monthly?
2. At the start of the experiment, there are 400 bacteria. If the bacteria follow an
exponential growth pattern with r = 0.03, what will be the population after 6
hours? How long will it take for the population to double?
Transcribed Image Text:1. How much money will you have after 5 years, if you invest P2,000.00 at the rate of 2% compounded monthly? 2. At the start of the experiment, there are 400 bacteria. If the bacteria follow an exponential growth pattern with r = 0.03, what will be the population after 6 hours? How long will it take for the population to double?
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