Question
A particular country's exports of goods are increasing exponentially. The value of the exports, t years after 2006, can be approximated by V(t) = 1.7
A particular country's exports of goods are increasing exponentially. The value of the exports, t years after 2006, can be approximated by V(t) = 1.7 e0corresponds to 2006 and V is in billions of dollars.a) Estimate the value of the country's exports in 2006 and 2010.b) What is the doubling time for the value of the country's exports?a) The value of the country's exports in 2006 is $ 1.7 billion.(Simplify your answer. Round to the nearest tenth as needed. Do not include the $ symbol in your answer.)The value of the country's exports in 2010 is $ billion.(Simplify your answer. Round to the nearest tenth as needed. Do not include the $ symbol in your answer.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started