If there will be 3 times as many fruit flies in a vegetable garden in 10 days as there are today,what rate of growth,compounded twice a day,does this represent?
A)11.29%
B)11.61%
C)12.29%
D)23.22%

Question

Quizplus · Accepted Answer

The formula for compound interest is A = P(1 + r/n)^(nt). Here, A/P = 3, n = 2 (compounded twice a day), and t = 10 days. Solving for r gives approximately 11.29%.

If There Will Be 3 Times as Many Fruit Flies