Question: could u answer A 6. Any exponential growth or decay application can be describe using the formula A = A (k) T Growth rate %

could u answer A

could u answer A 6. Any exponential growth or decay application can

6. Any exponential growth or decay application can be describe using the formula A = A (k) T Growth rate % k = 1+r T = time Decay rate % k = 1-r T = t Half-life k = 1/2 T = t/h, where h is the half-life of the element Doubling k = 2 T = t/d, where d is how long it Tripling k = 3 takes to double or triple Compound Interest k = 1+r T = nt = total number of times n = # compounding period interest is compounded Imagine that you invested $15300 at an interest rate of 12% compounded quarterly. a) How much money will you have after 1 year? b) How much money will you have after 14 months

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