In 1980, direct u.s. business investment abroad was about 13.5 billion dollars.  From 1980 through 2010, that investment grew at an average annual rate of 11.24%. a) Make a exponential model that shows the u.s. direct investment abroad A, in billions of dollars, t years after 1980. A(t)=   b)From 1980, how long did it take (in years) for the u.s. investments abroad to double. Round answer to 2 decimal places.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.86TI: Rachel invests $15,000 at age 25. She hopes the investments will be worth when she turns 40. If the...
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In 1980, direct u.s. business investment abroad was about 13.5 billion dollars.  From 1980 through 2010, that investment grew at an average annual rate of 11.24%.

a) Make a exponential model that shows the u.s. direct investment abroad A, in billions of dollars, t years after 1980.

A(t)=

 

b)From 1980, how long did it take (in years) for the u.s. investments abroad to double. Round answer to 2 decimal places.

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