semi-annually?A library had 8,000 registered members. The membership i

1.	semi-annually?A library had 8,000 registered members. The membership increased at the rate of 5% every six monthsAfter what time will the total membership be 9,261?8.
Answer» Given P = 8000, R = 5%, n =? Now, 9261 = 8000(1 + 5/100)^2n9261/8000 = (21/20)^2n(21/20)^3 = (21/20)^2n2n = 3n = 3/2 Therefore,In 1 year 6 months total membership will be 9261

semi-annually?A library had 8,000 registered members. The membership increased at the rate of 5% every six monthsAfter what time will the total membership be 9,261?8.

Answer»

Given P = 8000, R = 5%, n =?

Now, 9261 = 8000(1 + 5/100)^2n9261/8000 = (21/20)^2n(21/20)^3 = (21/20)^2n2n = 3n = 3/2

Therefore,In 1 year 6 months total membership will be 9261