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Statistics indicate that the world population since world war II has been growing exponentially. If we assume exponential growth, the world population can be modeled by P(t)= 4 (1.017) where P(t) is the world population in billions and t is the time in years since 1982. According to this model, what is the earning interest rate in percent? 0.17% 1.7% 17%

Statistics indicate that the world population since world war II has been growing exponentially. If we assume exponential growth, the world population can be modeled by P(t)= 4 (1.017) where P(t) is the world population in billions and t is the time in years since 1982. According to this model, what is the earning interest rate in percent? 0.17% 1.7% 17%

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter6: Exponential Functions And Sequences
Section6.4: Exponential Growth And Decay
Problem 25E
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Statistics indicate that the world population since world war II has been growing exponentially. If we assume exponential growth, the world population can be modeled by (1.017) and t is the time in years since 1982. According to this model, what is the earning interest rate in percent? O 0.17% P(t)= 4 where P(t) is the world population in billions Ⓒ 1.7% 17%
Transcribed Image Text:Statistics indicate that the world population since world war II has been growing exponentially. If we assume exponential growth, the world population can be modeled by (1.017) and t is the time in years since 1982. According to this model, what is the earning interest rate in percent? O 0.17% P(t)= 4 where P(t) is the world population in billions Ⓒ 1.7% 17%
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