The graph below represents the growth of population in Macedonia that I drew using MSExcel.
The formula for calculating the population was:
A = P (1 + r) to the power of n.
Where A =
P = Population
r = rate of increase (as a decimal, not percent)
n = number of years
I have used this formula to calculate how big the population will be in each year starting from 1, and ending to 10, and then I drew a graph.
We can use this graph to predict what the population will be in specific years.
The formula for calculating the population was:
A = P (1 + r) to the power of n.
Where A =
P = Population
r = rate of increase (as a decimal, not percent)
n = number of years
I have used this formula to calculate how big the population will be in each year starting from 1, and ending to 10, and then I drew a graph.
We can use this graph to predict what the population will be in specific years.
It's great you seem to understand how the compound interest formula can be used for all compound growth.
ОдговориИзбришиCan you now do the Viktor's dog problem that was due last Thursday? The homework is on Moodlic.