22. Per capita income. In 2009, U.S. per capita personal income I was $48,040. In 2012, it was $52,430. (Source data.worldbank.org.) Assume that the growth of U.S. per capita personal income follows an exponential model. a) Letting i = 0 be 2009, write the function. b) Predict what U.S. per capita income will be in 2020. c) In what year will U.S. per capita income be double that of 2009?
22. Per capita income. In 2009, U.S. per capita personal income I was $48,040. In 2012, it was $52,430. (Source data.worldbank.org.) Assume that the growth of U.S. per capita personal income follows an exponential model. a) Letting i = 0 be 2009, write the function. b) Predict what U.S. per capita income will be in 2020. c) In what year will U.S. per capita income be double that of 2009?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 33PT: Enter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage