people at a bank is modelled by the function p(t) = 245(1.15)' where t is the time in months, and p is the number of people. a) How many people have invested in the mutual fund after 10 months? b) How many months does it take for approximately 2000 people to invest in the mutual fund?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.6: Variation
Problem 2E
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24. The number of people investing in a particular mutual fund
at a bank is modelled by the function p(t) = 245(1.15)' where t
is the time in months, and p is the number of people.
a) How many people have invested in the mutual fund after
10 months?
b) How many months does it take for approximately 2000
people to invest in the mutual fund?
Transcribed Image Text:24. The number of people investing in a particular mutual fund at a bank is modelled by the function p(t) = 245(1.15)' where t is the time in months, and p is the number of people. a) How many people have invested in the mutual fund after 10 months? b) How many months does it take for approximately 2000 people to invest in the mutual fund?
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