Question

A scientist is studying wildlife in Ohio and she estimates that the population of bats is tripling every year. If she had counted 3000 bats in 2017, how many will there be in 2021?

Answer 1

The number of bats that there would be in 2021 would be 768,000.

What would be the number of bats in 2021?

The formula that can be used to determine the future value of bats in 2021 is:

FV = P (1 + r)^n

Where:

• FV = Future value
• P = Present value = 3000
• R = interest rate = 300%

• N = number of years = 4

3000(1 + 3)^4

3000 x 4^4 = 768,000

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