Question

A quantity with an initial value of 1500 grows exponentially at a rate of 45% every 7 days. What is the value of the quantity after 9 weeks, to the nearest hundredth?
I found the Answer: 42501.4

Answer 1

The value of the quantity after 9 weeks to the nearest hundredth is 42,501.4.

What is the value of the quantity after 9 weeks?

The formula that can be used to represent exponential growth is:

FV = P (1 + r)^n

• FV = Future value
• P = Present value = 1500
• R = rate of growth = 45%
• N = number of weeks = 9

1500(1.45)^9 = 42,501.4

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