The number of animals in a population at the start of year t is Pt The number of animals at the start of year 1 is 500
Given that
P4+1 = 1.01P,
work out the number of animals at the start of year 3

A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.