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Solve the following problems. show the solution
1. How much money will you have after 5 years, if you invest P2,000.00 at the rate of 2% compounded monthly?
2. At the start of the experiment, there are 400 bacteria. If the bacteria follow an exponential growth pattern with r = 0.03, what will be the population after 6 hours? How long will it take for the population to double?
3. Consider a population of bacteria that grows according to the function f(t) = 500e0.05t, where t is measured in minutes. How many bacteria are present in the population after 4 hours?​