
Mark M. answered 03/05/23
Mathematics Teacher - NCLB Highly Qualified
A(t) = 120(1.09)t
Questions?
Jeremiah C.
asked 03/05/23Mark M. answered 03/05/23
Mathematics Teacher - NCLB Highly Qualified
A(t) = 120(1.09)t
Questions?
Raymond B. answered 03/05/23
Math, microeconomics or criminal justice
m(t)= 120e^.09t
or
possibly 120(1.09)^t
but unless there's a mating season or similar reason why the increase occurs one time per year, rather than continuously, the 1st model is more realistic. They give about the same results. Things in nature, grow or decay "naturally" and continuous compounding for decay or growth models the situation more realistically.
general formula is
A=P(1+r/n)^nt where
P = starting number
A = ending number
r = annual growth or decay rate
t = number of years
n = number of compounding periods per year
for mice = 120(1.09)^t, that assumes 1 compounding period per year
as n approaches infinity
the formula becomes 120e^.09t
but there's little difference in A, for small time periods
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