Using the rule of 72, how long does it take for country X's production to double? 19 years Using the rule of 72, how long does it take for country Y's production to double? 25 years After how long will the two countries have the same level of production? 228 years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter5: Linear Inequalities
Section5.5: Solving Inequalities Involving Absolute Value
Problem 30PPS
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Instructions: Modify the settings in the interactive tool as needed to answer the questions below.
Suppose country X currently produces $4400 of goods and services per year with a constant growth rate of 3.8% per year, Country
Y's production is currently $5300 with growth of 2.9% per year.
Using the rule of 72, how long does it take for country X's production to double?
19 O years
Using the rule of 72, how long does it take for country Y's production to double?
25
years
After how long will the two countries have the same level of production?
22.8
years
Estimate the level of production when the two countries produce the same amount. $ 8800
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Transcribed Image Text:Instructions: Modify the settings in the interactive tool as needed to answer the questions below. Suppose country X currently produces $4400 of goods and services per year with a constant growth rate of 3.8% per year, Country Y's production is currently $5300 with growth of 2.9% per year. Using the rule of 72, how long does it take for country X's production to double? 19 O years Using the rule of 72, how long does it take for country Y's production to double? 25 years After how long will the two countries have the same level of production? 22.8 years Estimate the level of production when the two countries produce the same amount. $ 8800 < Prev 8 of 11 Score answer >
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