I missed one calc class due to being sick and have to figure out this worksheet for the quiz. All help would be greatly appreciated. Thank you
1. If Q(t) has a monthly percentage growth rate of 2.0%, what it its yearly percentage growth rate if compounded monthly?
2. If Q(t) doubles in 3 years, what is its continuous growth rate?
The formulas for these problems I have
Q(t)= Qo(1+r)^t Percentage growth
Q(t)= Qo(1+r/n)^nt Multiple compounding
Q(t)=Qoe^kt Continuous growth
1. If Q(t) has a monthly percentage growth rate of 2.0%, what it its yearly percentage growth rate if compounded monthly?
2. If Q(t) doubles in 3 years, what is its continuous growth rate?
The formulas for these problems I have
Q(t)= Qo(1+r)^t Percentage growth
Q(t)= Qo(1+r/n)^nt Multiple compounding
Q(t)=Qoe^kt Continuous growth