451 Given the compound interest formula A = P(l+")" n John invested $200 at 6% interest, compounded semi-annually, for 20 years. How much money does he have? Use your GDC to determine how many years it would take John to have $1200 4.5.2 | When interest is compounded continuously, we use A = Pe” Fred borrows $500 from the bank. He has two choices for his interest calculations. Option A: 3% interest, compounded quarterly Option B: 2.5% interest, compounded continuously. Fred plans to pay the loan back in five years. Which option should he chose? Why? how much money will he save with this option? 4.5.3 | There are 10 bacteria is a dish. The number of bacteria double every 10 minutes. How many bacteria are there after 1 hour? Use your GDC to determine how lang it took to reach 1000 bacteria.4.5.4 | After a disastrous oil spill, the population of fish is decaying exponentially at a rate of 24% per day. Initially there were 750 fish. How many are left after 30 days? Use your GDC to determine how many days it would take for the population to reach 250 fish.