If a Population of 100 Birds Increases to 120 Birds

question 103

Multiple Choice

If a population of 100 birds increases to 120 birds in a year, what is the value of r?

• A) 1.2
• B) 2
• C) 0.20
• D) 0.16
• E) 20

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Definitions:

Interest Rate

The percentage of a loan amount charged by the lender to the borrower for the use of money, typically expressed on an annual basis.

Present Values

This concept calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Annuity Payments

Regular fixed payments received from an investment over a specified period of time.

Time Value

The belief that money possessed today holds more value than the equivalent amount in the future, owing to its potential to generate income.