Question

1. On​ Melissa's 6th​ birthday, she gets a ​$5000 CD that earns 4% interest, compounded semiannually. If the CD matures on her 15th ​birthday, how much money will be​ available?

(Round to the nearest​ cent.)

2. Country A has a growth rate of 4.9% per year. The population is currently 4,827​,000, and the land area of Country A is 10​,000,000,000 square yards. Assuming this growth rate continues and is​ exponential, after how long will there be one person for every square yard of​ land?

(Round to the nearest​ integer.)

Answer 1