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Answer:
1.a. N(f)=62(1.03)^f
1.b. 71 graduates
2. 7203.98 pesos
Step-by-step explanation:
1.a. N(f)=No(1+r)^f
where N(f) is the number of graduates after f years, No is the initial value, r is the rate, and f is the number of years. Thus the general equation becomes: N(f)=62(1.03)^f
1.b. Using the formula in a,
N(f)=62(1.03)^f
N(5) = 62 (1.03)^5
N(5) = 71.88
Since we are talking about number of people, we will only take the whole number of the answer, and that is 71.
2. For depreciated value, we have the formula: V(t)=Vo(1-r)^t
where V(t) is the dep value after t years, Vo is the initial value, r is the dep rate, and t is the time
Thus, V(t)=9800(1-0.05)^6
V(t)=7203.98 pesos