If a Population of 9 Million Begins to Increase at a Rate

question 97

Multiple Choice

If a population of 9 million begins to increase at a rate of 0.33% each month, in how many months will it be 14 million? Round your answer to two decimal places. ​

• A)160.89 months
• B)201.05 months
• C)134.11 months
• D)174.28 months
• E)67.17 months

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Definitions:

Passbook Savings Account

A type of savings account where transactions are recorded in a physical booklet, allowing depositors to track account activity manually.

Checking Accounts

Banking accounts that allow depositors to write checks and use electronic debit to access funds for transactions and withdrawals.

Traveler's Checks

A type of check especially designed for travelers to use as a form of payment, which offers the security against loss or theft by requiring signatures for cashing.

Coins

Pieces of metal that are officially minted and used as money in financial transactions.