A countrys population P goes from 54 million in 1987 to 63.9 million in 1993. At what

Question:

A country’s population P goes from 54 million in 1987 to 63.9 million in 1993. At what rate r is the population growing?

Letting t = 0 for 1987 and t = 6 for 1993, and noting from the previous problems that the value of the function at t = 0 is the base of the function in subsequent years, image text in transcribed

and the population growth rate is 2.8 percent.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Schaum S Outline Of Mathematical Methods For Business Economics And Finance

ISBN: 978-1264266876

2nd Edition

Authors: Luis Moises Pena Levano

See More Books

Question Posted: Sep 20, 2024 06:03 AM

See More Questions

Comprehensive variance analysis review. Sonnet Inc. has the following budgeted standards for the month of March 2010: Sales of 2,000,000 units are budgeted for March. Actual March results are: Unit...
For this assignment, research the Internet or Strayer databases for information related to improper assumptions concerning accounting information systems. Write a paper in which you: 1. Based on your...
A thin rod of length L and mass M is supported in a horizontal position by two strings, one attached to each end as shown in Figure. If one string is cut, the rod begins to rotate about the point...
A countrys population P goes from 54 million in 1987 to 63.9 million in 1993. At what rate r is the population growing? Letting t = 0 for 1987 and t = 6 for 1993, and noting from the previous...
The remote island nations of Nearway and Farway produce fish and coconuts and have recently decided to trade with one another. Use the table to answer the following questions: a. Calculate the...
Golden Chickens, a maker of sheetrock products, is considering adding a new manufacturing facility. The new facility would be housed in an unused building that the firm bought 8 years ago for $5...
A firms profits i have been growing consistently over time from $3.40 million in 1985 to $6.71 million in 1993. (a) Express profits as a natural exponential function of time = 0ert and (b) find the...
A countrys timberland T is being cut back at a rate of 3.2 percent a year. How much will be left in 8 years? Using a calculator, T = Toe-0.032(8) Toe -0.256-
Refer to E3-4 for information regarding GoFly Company. Required: Complete all requirements for E3'4 using the FIFO method. Data from E3-4 GoFly Company manufactures kites and has the following...
1.You decided to sell Treasury bill futures contracts with a quoted price was 92-50. When you close this position, the quoted price was 91-75. Determine the profit or loss per contract, ignoring...
DBC, TDABC, and ABC The Bienestar Cardiology Clinic has two major activities: diagnostic and treatment. The two activities use four resources: nursing, medical technicians, cardiologists, and...
Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. Sales Cost of goods sold Merchandise inventory,...
b 4th Quarter Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: 1st Quarter 2nd Quarter...
The question "Which projects are most common/important in your work?" is an example of which topic from TIARA: Group of answer choices Assignments Insights Resources Advice
A long solenoid of radius a, carrying n tums per unit length, is looped by a wire with resistance R, as shown in Fig. 7.27. (a) If the current in the solenoid is increasing at a constant rate (dl/dt...
What are the typical record-at-a-time operations for accessing a file? Which of these depend on the current file record?
The Michigan Corporation owns 20% of the Wolverine Corporation. The Wolverine stock was acquired eight years ago to ensure a steady supply of raw materials. Michigan also owns 30% of Spartan...
On December 31, 2016, Phil purchased $20,000 of newly issued bonds of Texas Corporation for $16,568. The bonds are dated December 31, 2016. The bonds are 9%, 10-year bonds paying interest...
On January 1, 2015, Swen paid $184,000 for $200,000 of the 8%, 20-year bonds of Penn Corporation, issued on January 1, 2011, at par. The bonds are held as an investment. Determine the gain and the...

A countrys population P goes from 54 million in 1987 to 63.9 million in 1993. At what

Question:

Simplifying algebraically, 63.9 = 54e"(6) 1.18333 = er Taking the natural log, 0.16833 = 6r Thus, r=0.02806 0.028- P = 54e0.0281

Step by Step Answer:

Schaum S Outline Of Mathematical Methods For Business Economics And Finance

Students also viewed these Business questions