Approximate the Number Using a Calculator $9 \%$ Monthly If There Are 160 Rabbits in July, Find How

question 241

Multiple Choice

Approximate the number using a calculator. Round your answer to three decimal places.
-The rabbit population in a forest area grows at the rate of $9 \%$ monthly. If there are 160 rabbits in July, find how many rabbits (rounded to the nearest whole number) should be expected by next July. Use $y = 160 ( 2.7 ) ^ { 0.09 t }$

• A) 468
• B) 467
• C) 481
• D) 455

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Definitions:

Bonds

Long-term notes that are bought and sold on the open market, much like stocks.

Commission

A payment made to an individual or business for facilitating a sale or service, typically calculated as a percentage of the transaction value.

Current Yield

The annual income (interest or dividends) divided by the current price of the security.

Bonds

Debt securities issued by entities such as corporations or governments to raise funds, with the promise to repay the principal along with interest at a future date.