Raymond B. answered 11/21/23
Math, microeconomics or criminal justice
A=Pe^rt is the general formula for continuous growth or decay
A=Pe^6r
124=40e^6r
124/40=
3.1= e^6r
take natural logs of both sides
then divide by 6, solve for r
(ln3.1)/6=r
r=about .1886= 18.86% per day = the daily growth rate= rate of change
A=40e^[ln(3.1/6)t]
A= about 40e^.19t
where t = time measured in days, A =Amount after t days