Calculate the amount of money you'll have at the end of the indicated time period, assuming that you earn simple interest. You deposit $3500 in an account with an annual interest of 4.2% for 20 years.
The amount of money you'll have at the end of 20 years is $
(Type an integer or a decimal.)

Step-by-step explanation:

simple interest formula:

PV(1+it)

3500(1+.042*20)= 6440

linearly: 8560 bacteria

exponentially: approximately 75233 bacteria

step-by-step explanation:

assuming it is not exponential (we would have some really complicated logarithms), let's say it is linear. then, after 5 hours, it increased by 1200 bacteria, so every hour it increases by 240 bacteria. this means that after 19 hours, we get 19 * 240 + 4000 bacteria or 3800 + 760 + 4000 = 7800 + 760 = 8560 bacteria.

because it says round your answer, i will do this exponentially (with a calculator, of course). first, we need to find how much it multiplies by every hour, by taking the 5th root of 52/40 or 13/10. this is approximately 0.167. we still need to add 1 to this, because we are multiplying by that number, not adding that amount of the number. now, we just calculate 4000 * (1.167)^19. use a calculator to get approximately 75232.6, or 75233.