Assignment:
Q1. Randy invested his inheritance in an account that paid 6.1% interest, compounded continuously. After 5 years, he found that he now had $51,426.94. What was the original amount of his inheritance?
Q2. In 1998, the population of a given country was 37 million, and the exponential growth rate was 5% per year. Find the exponential growth function.
Provide complete and step by step solution for the question and show calculations and use formulas.