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1.The amount of goods and services that costs $400 on January 1, 1997 costs $⁢432.86 on...

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Basic Math

1.The amount of goods and services that costs $400 on January 1,1997 costs $⁢432.86 on January 1, 2003. Estimate the cost of thesame goods and services on January 1, 2019. Assume the cost isgrowing exponentially. Round your answer to the nearest cent.

2.The demand for oil in a particular country doubles every 7years. How long will it take for demand to triple? Round to thenearest hundredth of a year.

3.If $13,000 is invested at 9% compounded quarterly, how muchwill this investment be worth in 15years? Round your answer to twodecimal places.

Answer & Explanation Solved by verified expert
3.6 Ratings (287 Votes)
In this case the exponential    See Answer
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