Question

A certain quantity grows exponentially over time. The initial quantity at t = 0 is 1,000. The quantity grows by a factor of 3%. What is the quantity at t = 5 to the nearest whole number? A. 116 . B. 1126 . C.1159 . D. 3713 .

Answer 1

1000*(1.03) = 1030 at t = 1

1000*(1.03) = 1060.9 at t = 2

1000*(1.03) = 1092.727 at t = 3

1000*(1.03) = 1125.508 at t = 4

1000*(1.03) = 1159.274 at t = 5

So i think the answer would be : C. 1159

Hope this helps