Roger needs to invest $550 in a savings account for 10 years to pay for his son's college expenses. Roger has to decide between two savings account options. Bank 1 offers 3.9% interes
compounded semi-annually. Bank 2 offers 4% compounded annually. How much money would
Roger have if he invested in Bank 1? How much money would Roger have if he invested in
Bank 2?

the above table 1 will calculate the population size (n) after a certain length of time (t). all you need to do is plug in the initial population number (no), the growth rate (r) and the length of time (t). the constant (e) is already entered into the equation. it stands for the base of the natural logarithms (approximately 2.71828). growth rate (r) and time (t) must be expressed in the same unit of time, such as years, days, hours or minutes. for humans, population growth rate is based on one year. if a population of people grew from 1000 to 1040 in one year, then the percent increase or annual growth rate is 40/1000 x 100 = 4 percent.

step-by-step explanation:

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