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	<title>Comments on: finance?</title>
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		<title>By: Simon O</title>
		<link>http://www.quickdebteliminator.com/personal-finance/finance-2/#comment-3022</link>
		<dc:creator>Simon O</dc:creator>
		<pubDate>Thu, 18 Mar 2010 04:47:38 +0000</pubDate>
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		<description>The answer is 418.76 pounds.

Ok. This is a &#039;fairly&#039; simple growth question. The formula I&#039;m using is for compound growth which I&#039;m sure you&#039;ve heard of, as you put this question in the right section. (Compound growth is used most in finance). This is how the formula looks:

    FV = PV ( 1+i )^n

Where FV is future value (his future weight which is what you want).  &#039;i&#039; is the growth rate. 3% growth means i will be 0.03. And n is the number of years he&#039;ll grow over, which is 60-35 = 25 years old. For this question the formula could be worded as:

Weight, multiplied by ((1+percentage growth) to the power of number of years he&#039;ll be growing).

= 200*(1.03^25)

The answer is 418.76 pounds.

To help you understand. If you&#039;re growing by 3 percent a year. then next year you will be 1.03 multiplied by the weight you are now. This would be 200 * 1.03 

His weight in two years would be 200 * 1.03 (the weight after the first year) which will then grow by 1.03, so the above bit needs to be multiplied by another 1.03. So in two years he&#039;ll be 200*1.03*1.03 or 200*1.03^2. You&#039;ll notice the power is simply the number of years he&#039;s been growing. After three years would be 200*1.03^3. 


So it ends up being 200* (1.03 to the power of 25)

Good luck with any other questions.</description>
		<content:encoded><![CDATA[<p>The answer is 418.76 pounds.</p>
<p>Ok. This is a &#8216;fairly&#8217; simple growth question. The formula I&#8217;m using is for compound growth which I&#8217;m sure you&#8217;ve heard of, as you put this question in the right section. (Compound growth is used most in finance). This is how the formula looks:</p>
<p>    FV = PV ( 1+i )^n</p>
<p>Where FV is future value (his future weight which is what you want).  &#8216;i&#8217; is the growth rate. 3% growth means i will be 0.03. And n is the number of years he&#8217;ll grow over, which is 60-35 = 25 years old. For this question the formula could be worded as:</p>
<p>Weight, multiplied by ((1+percentage growth) to the power of number of years he&#8217;ll be growing).</p>
<p>= 200*(1.03^25)</p>
<p>The answer is 418.76 pounds.</p>
<p>To help you understand. If you&#8217;re growing by 3 percent a year. then next year you will be 1.03 multiplied by the weight you are now. This would be 200 * 1.03 </p>
<p>His weight in two years would be 200 * 1.03 (the weight after the first year) which will then grow by 1.03, so the above bit needs to be multiplied by another 1.03. So in two years he&#8217;ll be 200*1.03*1.03 or 200*1.03^2. You&#8217;ll notice the power is simply the number of years he&#8217;s been growing. After three years would be 200*1.03^3. </p>
<p>So it ends up being 200* (1.03 to the power of 25)</p>
<p>Good luck with any other questions.</p>
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