Question

A quantity with an initial value of 8600 grows exponentially at a rate of 20% every 2 minutes. What is the value of the quantity after 67 minutes, to the nearest hundredth?

Answer 1

23400 x 8/100 = 1872 = the loss

1872 : 12 = 156= the loss each month

156/1872*100% = 8.33 % then round it

Answer 2

The answer is 3864294.3

Explanation: