Question

A = 731, 093; P = 525, 600; r = 3% per year find the missing quantity

Answer 1

Answer:

A = p1/ rt is the standard exponential growth function

731093 = 525600e(.03)t and solve for t

1.391 = e(.03t) Take the natural log of both sides

.33 = .03t

t = 11 years

Answer 2

Answer:

A=731,093;p = 525 600r =℅per year