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31 May, 04:07

A certain quantity grows exponentially over time. The initial quantity at t = 0 is 2,000. The quantity grows by a factor of 20%. What is the quantity at t = 8?

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  1. 31 May, 05:03
    0
    The quantity at t=8 is $8,599.63
  2. 31 May, 06:47
    0
    The equation says

    A=p (1+r) ^t

    A=2,000 * (1+0.20) ^ (8)

    A=8,599.63
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