Bob, Chao and Mei take part in a run for charity. In 2015, a charity raised a total of $$\(\$ 1.6\)$$ million. After 2015 , this amount increased exponentially by $$\(2.4 \%\)$$ each year for the next 5 years. Work out the amount raised by the charity in 2020. $$\(\$\)$$ ................................ million
Exam No：0580_w21_qp_41 Year：2021 Question No：2(d)
Answer:
\(1.8[0]\) or \(1.801\) to \(1.802\) [million] \(\mathrm{nfww}\)
Knowledge points:
E1.17 Use exponential growth and decay in relation to population and finance. (e.g. depreciation, growth of bacteria.)
Solution:
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