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A certain quantity grows exponentially over time. The initial quantity at t = 0 is 2,000. The quantity grows by a factor of 20%. What is the quantity at t = 8?

A certain quantity grows exponentially over time. The initial quantity at t = 0 is 2,000. The quantity grows by a factor of 20%. What is the quantity at t = 8?
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A certain quantity grows exponentially over time. The initial quantity at t = 0 is 2,000. The quantity grows by a factor of 20%. What is the quantity at t = 8?

asked
User Ligwin
by
8.1k points

1 Answer

3 votes
The equation says
A=p(1+r)^t
A=2,000×(1+0.20)^(8)
A=8,599.63
answered
User Sargun Dhillon
by
8.3k points
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