Explanation Given: The original amount is 305, Growth rate per year is 5% and number of years is 8. Concept Used: Exponential Growth: A quantity that grows by the same percent at regular time periods is said to have exponential growth. There are many real − life examples of exponential growth, such as population, bacteria, viruses, and radioactive substances, just to name a few. Modelling Exponential Growth: Exponential Growth: y = C ( 1 + r ) x C − Initial amount; x − numbers of time intervals, ( 1 + r ) is growth factor; r is growth rate (often a percent) Calculation: Modelling Exponential Growth: Exponential Growth: y = C ( 1 + r ) x C − Initial amount; x − numbers of time intervals, ( 1 + r ) is growth factor; r is growth rate (often a percent) Here: C = 305; r = 5% and x = 8 y = C ( 1 + r ) x C =

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ISBN: 9780135257500

Author: Martin-Gay

Publisher: PEARSON

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Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differentia…

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Find the amount after 8 years of growth.

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Ch. 19.1 - Prob. 1VRVC Ch. 19.1 - Prob. 2VRVC Ch. 19.1 - Prob. 3VRVC Ch. 19.1 - Prob. 4VRVC Ch. 19.1 - Prob. 5VRVC Ch. 19.1 - Prob. 6VRVC Ch. 19.1 - Prob. 1ES Ch. 19.1 - Prob. 2ES Ch. 19.1 - Prob. 3ES Ch. 19.1 - Prob. 4ES

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Find the amount after 8 years of growth.

Solution Summary: The author explains that exponential growth is a quantity that grows by the same percent at regular time periods, such as population, bacteria, viruses, and radioactive substances.

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