Decide whether the following statement makes sense (or is clearly true) or does not make sense...
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Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. Our town is growing at a rate of 7% per year, so it will double in population every 10 years. Choose the correct answer below. O A. This does not make sense because Taouble < 10 when substituting 7 for r into the exact doubling time formula. O B. This makes sense because Taouble 10.2 when substituting 0.07 for r into the exact doubling time formula. O C. This makes sense because Touble 10.2 when substituting 7 for r into the exact doubling time formula. OD. This does not make sense because Tdouble > 10 when substituting 0.07 for r into the exact doubling time formula. Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. Our town is growing at a rate of 7% per year, so it will double in population every 10 years. Choose the correct answer below. O A. This does not make sense because Taouble < 10 when substituting 7 for r into the exact doubling time formula. O B. This makes sense because Taouble 10.2 when substituting 0.07 for r into the exact doubling time formula. O C. This makes sense because Touble 10.2 when substituting 7 for r into the exact doubling time formula. OD. This does not make sense because Tdouble > 10 when substituting 0.07 for r into the exact doubling time formula.
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Growth rate 7 Therefore in 10 years 1 will become 100... View the full answer
Related Book For
Managing in a Global Economy Demystifying International Macroeconomics
ISBN: 978-1285055428
2nd edition
Authors: John E. Marthinsen
Posted Date:
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