Lab 9: Compounding and Continuous Growth

4. The continuous interest formula is used for all kinds of continuous growth. Suppose a colony of bacteria has a continuous growth rate of 15% per hour. How much will a colony of 2000 have grown after 8 hours? 5. Suppose a bank account with compounding interest grows from $1,000 to 1,100 in three years. What rate of annual interest is the bank paying? Note: you will need to take the [age at some point. That will be denoted as In on you calculator. ( loge x = In x) 6. Suppose a country' 5 population waalglrowing at a continuous rate, and after 5 years had increased by 6%. at was the annual growth rate