A quantity with an initial value of 800 grows continuously at a rate of per year. What is the value of the quantity after 96 months, to the nearest hundredth?

Question

Mathematics

Brooklynn Fitzgerald

23 June, 05:47

A quantity with an initial value of 800 grows continuously at a rate of per year. What is the value of the quantity after 96 months, to the nearest hundredth?

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Answers (1)

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Adeline Durham · Answer 1

6400

Step-by-step explanation:

We have to calculate how much it grows monthly, they tell us that 800 per year, a year has 12 months, we calculate like this:

800/12 = 66.66 would be the value per month

how are 96 months, the growth would be:

66.66 * 96 = 6400

Which means that the growth would be 6,400 in that 96-month time.