Helppp?
Modelling exponential growth and decay
1. The population of a town is currently 4000 and it is increasing at a rate of 3% per year.
(a). What is the growth rate
(b). Express the growth rate in months
(c). What is the population of the town after 5 years?
2. A bank pays 0.8% interest per month. What is the interest rate for one year(months-years)
3. Determine the monthly interest rate given the following annual interest rate(years-months)
36%
