Question

In: Advanced Math

The fox population in a certain region has an annual growth rate of 9% per year. In the year 2012, there were 23,900 fox counted in the area. What is the fox population predicted to be in the year 2020?

The fox population in a certain region has an annual growth rate of 9% per year. In the year 2012, there were 23,900 fox counted in the area. What is the fox population predicted to be in the year 2020?

Solutions

Expert Solution

The formula for the continuous growth or decay is:

A(t) = aert

 

Where, the initial deposit is a = 23900.

The continuous growth rate is r;

Therefore,

r = 9/100

   = 0.09

 

The population predicted after 2020 is;

t = 2020 – 2012

  = 8

 

The fox population predicted after 2020 is determined as follows:

Substitute the known values as follows:

A(8) = 23900(e0.09×8)

        = 23900(e0.72)

       = 23900 × 2.0544

       = 49100

 

Therefore, the fox population predicted after 2020 is 49100 fox.


Therefore, the fox population predicted after 2020 is 49100 fox.

Related Solutions

The school population for a certain school is predicted to increase by 80 students per year...
The school population for a certain school is predicted to increase by 80 students per year for the next 14 years. If the current enrollment is 800 students, what will the enrollment be after 14 ​years? Joe's annual income has been increasing each year by the same dollar amount. The first year his income was ​$24,700​, and the 12th year his income was $37,900. In which year was his income $ 43,900? How many terms are there in each of...
Moldova has a negative population growth. Its population decreased by an annual rate of 1.06% from...
Moldova has a negative population growth. Its population decreased by an annual rate of 1.06% from 2005 to 2010. Assuming that the 2013 population was 3.6 million and thst the population will decline at the 2005-2010 rate in the foreseebale future, set up a difference equatiom that models the population of Moldova beginning in 2013.
A semi-annual corporate bond has a coupon rate of 9 percent per year. The face value....
A semi-annual corporate bond has a coupon rate of 9 percent per year. The face value. is $1,000. The market interest rate (yield to maturity) for this bond today is 10.5 percent. This bond has 25 years. before maturity. What is the price of this bond today? (5 points). b. What is the current yield for this bond? (3 points) c. Why is the current yield different from the current market rate of this bond? (2 points)
A semi-annual corporate bond has a coupon rate of 9 percent per year. The face value...
A semi-annual corporate bond has a coupon rate of 9 percent per year. The face value is $1,000. The market interest rate (yield to maturity) for this bond today is 10.5 percent. This bond has 25 years before maturity. a. What is the price of this bond today? b. What is the current yield for this bond? c. Why is the current yield different from the current market rate of this bond? PLEASE SHOW HOW YOU WOULD GET ANSWERS ON...
Sawyer Corporation's 2017 sales were $9 million. Its 2012 sales were $4.5 million. At what rate...
Sawyer Corporation's 2017 sales were $9 million. Its 2012 sales were $4.5 million. At what rate have sales been growing? Round your answer to two decimal places. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years, so, dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct?
9. A 5-year $150 ordinary annuity has an annual interest rate of 8%. What is its...
9. A 5-year $150 ordinary annuity has an annual interest rate of 8%. What is its present value? What would the present value be if it was a 10-year annuity? What would the present value be if this was a perpetuity?
Given an interest rate of 6.95 percent per year, what is the value at Year 9...
Given an interest rate of 6.95 percent per year, what is the value at Year 9 of a perpetual stream $3,700 payments that begin at Year 20? (Do not round intermediate calculations and round your answer to 2 decimal places , e.g., 32.16.)
What is the annual required rate of a 10-year bond that has 10% annual payment rate...
What is the annual required rate of a 10-year bond that has 10% annual payment rate and $791.36 in PV? A.14% B.7% C.9% D.16% How many years left in “year-to-maturity” a 10-year bond outstanding with 12% annual required rate, 9% annual payment, and $908.88 in its fair value? A. 4 years B.10 years C. 8 years D.6 years How many years left in “year-to-maturity” a 10-year bond outstanding with 9% annual required rate, 12% annual payment, and $1134.58 in its...
Victor Pimentel uses 900 units per year of a certain subassembly that has an annual holding...
Victor Pimentel uses 900 units per year of a certain subassembly that has an annual holding cost of ​$80 per unit. Each order placed costs Victor ​$90. He operates 300 days per year and has found that an order must be placed with his supplier 4 working days before he can expect to receive that order a) The economic order quantity is ___units ​(round your response to the nearest whole​ number). ​b) The annual holding cost is ___(round your response...
Coca-Cola Co.'s dividend growth has been about 9% per year. The industry median dividend growth is...
Coca-Cola Co.'s dividend growth has been about 9% per year. The industry median dividend growth is 7% per year. Assume that Coca-Cola's dividend growth will continue at 9% for 5 years and then decrease to the industry average. The current dividend is $1.60. The discount rate is 11%. A. Calculate the dividend of next year. B. Calculate the dividend in 6 years. C. Calculate the current value of the dividends for the first 5 years. D. Calculate the current value...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT