If a population is now 7.4 billion people and it continues to grow at an annual rate of 1.4% compounded continuously, how long (to the nearest year) would it take before there is only 1 square yard of land per person? (There are approximately 1.38 × 10 square yards of land.) Which of the following is the correct substitution of the given numbers in the formula for continuous compounding, A= Pe? O A. 7.4x109 =1.38 × 1014. e0.014t O B. 1.38 x 1014 – 7.4 × 10° - e 0.014t O C. 1.38 = 7.4• e0.014t O D. 7.4 = 1.38· e0014t
If a population is now 7.4 billion people and it continues to grow at an annual rate of 1.4% compounded continuously, how long (to the nearest year) would it take before there is only 1 square yard of land per person? (There are approximately 1.38 × 10 square yards of land.) Which of the following is the correct substitution of the given numbers in the formula for continuous compounding, A= Pe? O A. 7.4x109 =1.38 × 1014. e0.014t O B. 1.38 x 1014 – 7.4 × 10° - e 0.014t O C. 1.38 = 7.4• e0.014t O D. 7.4 = 1.38· e0014t
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 2E
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