Question: Statistics indicate that the world population since world war II has been. growing exponentially. If we assume exponential growth, the world population can be

Statistics indicate that the world population since world war II has been.

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?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Solution Given Exponential growth function is given by Pt 41017 1 Wher... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Superstar Ice Rinks Inc. (SIR) is a privately owned company owned by a group of investors headed by James T. Kirk, a retired professional hockey player. SIR owns three arenas in suburban areas near a...

The population P (in thousands) of Tallahassee, Florida, from 2000 through 2014 can be modeled by P = 150.9ekt, where t represents the year, with t = 0 corresponding to 2000. In 2005, the population...

The rate of growth of world population can be modeled by dN/dt =N0rert, r

The projected population of the United States for the years 2025 through 2055 can be modeled by P = 307.58e0.0052t, where P is the population (in millions) and t is the time (in years), with t = 25...

What it is a CARTEL,please cite and include specifically what it is the OPEC,(Organization Petroleum Exporting Countries) WIKIPEDIA OPEC The Organization of the Petroleum Exporting Countries (OPEC,...

WIKIPEDIA OPEC The Organization of the Petroleum Exporting Countries (OPEC, !'oUpEk/ OH-pek) is an intergovernmental Organization of the Petroleum organization of 13 nations. Founded on 14 September...

Please help me with this question for ECON 202! Any help would be appreciated Do you believe and why, might huge government debt (Government Spending / GDP) not eventually harm the rate of economic...

I need a transcript (what I'm going to talk and explain them) for my presentation from this book chapter 10 (page 271-277) "Controversy over regulation of int finance". Please help measap, deadline...

I have attached the Gaps financial report for 2014 which you will need to answer the questions in the assignment. 2014 ANNUAL REPORT Dear Shareholders, It's an honor to write this letter as the CEO...

1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...

dear i want to do a report for my financial project, the report should contains company as introduction, and analyze some ratios and some recommendation. FIN 600: Advanced Financial Management Summer...

The assets and liabilities of Herat Travel Service at June 30, 2008, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner, Lola Stahn, was...

You are an accountant at Rein LLC, a private environmental service company. Your primary task is simplifying the accounting function within company operations to minimize costs and to ensure...

Linear vs . Angular Speed A patrol car is parked 5 0 feet from a long warehouse ( see figure ) . The revolving light on top of the car turns at a rate of 3 0 revolutions per minute. How fast is the...

Radford Castings can produce brake shoes on six different machines. The following table summarizes the manufacturing costs associated with producing the brake shoes on each machine along with the...

Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Yerbury during 2016: Feb. 2. Purchased for cash...

The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July: July 3. Charged 175 hours of...

Embassy Club Condominium, located on the west coast of Florida, is undertaking a summer renovation of its main building. The project is scheduled to begin May 1, and a September 1 (17-week)...

Bocelli Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, 2016, directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April 1 and...

Do you believe that your approach to negotiation strategy is influenced by your gender? Does this influence make you a more effective negotiator? Why or why not? Fully explain your answers.

Suppose you are an amateur athlete and your uncle owns the cereal company Wheaties. Your uncle offers you a job working for his company at a wage of w per hour. After looking around for other jobs,...

Did 9/11 Change Tastes?: In another textbook, the argument is made that consumer tastes over airline miles traveled and other goods changed as a result of the tragic events of September 11, 2001. A:...

Do we have our priorities in order? We trust our school aged children to be taught by dedicated teachers in our schools, but we pay those teachers only about $50,000 per year. At the same time, we...

What are the basic assumptions in locational break-even analysis?

Identify a nearby location that has seen several businesses fail. Visit die location and try to determine what were the reasons for failures. Alternatively, visit a new business in your area and...

The owner of a franchised fast-food restaurant has exclusive rights to operate in a city. The owner currently has a single outlet, which has proved to be very popular and there are often waiting...