Question

7. In each case, write an equation that models the situation described. a) An antique is purchased for $5000 in 1990. It appreciates in value by 3.25% each year b) A town had 2500 residents

in 1990. It grew at a rate of 0.5% per year for years. single bacterium of a particular type takes one day to double. The population is P after days.


Help pleaseeeeee!!!!!!!

Answer 1

a) A= 5000 x .0325 ( 31)
A= 5,037.50

.0325 = 3.25%
31 years 2021-1990 = 31