Question: can you explain how to solve this In August 2013, Ally Bank was offering 0.61% interest on its Online Savings Account, with interest reinvested daily.+

can you explain how to solve this

can you explain how to solve this In August 2013, Ally Bankwas offering 0.61% interest on its Online Savings Account, with interest reinvesteddaily.+ Find the associated exponential model for the value of a $5,000

In August 2013, Ally Bank was offering 0.61% interest on its Online Savings Account, with interest reinvested daily.+ Find the associated exponential model for the value of a $5,000 deposit after t years. HINT [See Example 3.] A(t) = Assuming this rate of return continued for 8 years, how much would a deposit of $5,000 in August 2013 be worth in August 2021? (Round your answer to the nearest dollar.) $A country's population was 189 million in 1960 and 304 million in 2010. (a) Use these data to give an exponential growth model showing the country's population P as a function of time & in years since 1960. Round numerical values to six significant digits. HINT [See Example 2.] P(t) = (b) By experimenting, determine the smallest number of significant digits to which you should round the coefficients in part (a) to obtain the correct 2010 population figure accurate to three significant digits. significant digits (c) Using the model in part (a), predict the population in 2023. (Round your answer to the nearest million people.) million peopleFrogs have been breeding like les at the Enormous State University (ESU) campus! Each year, the pledge class of the Epsilon Delta fraternity is instructed to tag all the frogs residing on the ESU campus. Two years ago (t = 0) they managed to tag all 56,000 oF them (with little Epsilon Delta Fraternity tags). This year's pledge class discovered that all the tags had all fallen off, and theyI wound up tagging a total of 84,000 frogs. (a) Find an exponential model for the frog population. rm = (b) Assuming exponential population growth, and that all this year's tags have fallen off, how man);r tags should Epsilon Delta order for next year's pledge class? t) = tags

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