A quantity with an initial value of 8200 grows continuously at a rate of 0.55% per decade. What is the value of the quantity after 97 years, to the nearest hundredth?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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A quantity with an initial value of 8200 grows continuously at a rate of 0.55% per decade. What is the value of the quantity after 97 years, to the nearest hundredth?

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