Rabbits in Australia
Earlier there were no rabbits in Australia. Rabbits were brought
to Australia around the year 1780. At that time there were no
animals in Australia which ate rabbits. So the rabbits began to
multiply at a very fast rate. Imagine what they did to the crops!
The table shows how rabbits grew every year.
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What sum of money will amount to 7840 in 2 years at 12% per annum, compounded annually?
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Rabbits were brought to Australia around the year 1780. At that time there were no animals in Australia which ate rabbits. So the rabbits began to multiply at a very fast rate.
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