
Mark M. answered 05/08/20
Mathematics Teacher - NCLB Highly Qualified
P(t) = 12.12(1 + 0.031)t
P(7) = 12.12(1.031)7
Niso B.
asked 05/07/20Mark M. answered 05/08/20
Mathematics Teacher - NCLB Highly Qualified
P(t) = 12.12(1 + 0.031)t
P(7) = 12.12(1.031)7
Arturo O. answered 05/08/20
Experienced Physics Teacher for Physics Tutoring
This is an example of exponential growth. The growth law for this problem is
p(t) = (12.12 x 106) (1.031)t,
where t is the number of years elapsed. Plug t=7 into p(t) and evaluate.
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