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Home » Annual interest rate: 5% (or 0.05) - Databee Business Systems

Annual interest rate: 5% (or 0.05) - Databee Business Systems

📅 February 27, 2026 👤 scraface

Feb 27, 2026

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📝 Recent Posts

Use quadratic formula: \( x = \frac{4 \pm \sqrt{16 + 64}}{2} = \frac{4...
\( x = \frac{4 \pm 4\sqrt{5}}{2} = 2 \pm 2\sqrt{5} \)
Only positive value: \( x = 2 + 2\sqrt{5} \)
#### \( 2 + 2\sqrt{5} \)
The population of a city grows exponentially according to \( P(t) = 50...
Set \( P(t) = 100000 = 50000 \cdot e^{0.03t} \)
\( 2 = e^{0.03t} \)
Take natural log: \( \ln 2 = 0.03t \)
\( t = \frac{\ln 2}{0.03} \approx \frac{0.693}{0.03} \approx 23.1 \) y...
#### 23.1 years

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