MAT 2322 Lecture 4: sep19

Find the balance due at the date of maturity. Principal is $3500 rate is 19% effective date is March 13 partial payment amount is $500, $650 partial payment date is September 2, October 22 maturity date is November 1.

The rabbit population in a forrest area grows at the rate of 7%monthly. If there are 160 rabbits in September, find how manyrabbits (rounded to the nearest whole number) should be expected bynext September? Use y = 160(2.7)^ 0.07t

In October, a greeting card company’s total profit was 12% more than it was in September. The total profit for the two months was $689,000. Find the profit for each month.