The total amount of money in circulation for the years 19502009 can be closely approximated by where
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The total amount of money in circulation for the years 1950–2009 can be closely approximated by
where t represents the number of years since 1950 and M(t) is in billions of dollars. Find the derivative of M(t) and use it to find the rate of change of money in circulation in the following years.
a. 1960
b. 1980
c. 1990
d. 2000
e. What do your answers to parts a–d tell you about the amount of money in circulation in those years?
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Related Book For
Calculus With Applications
ISBN: 9780321831101
10th Edition
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
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