Data from USA Today indicate that in 1994, Brazil’s exports were valued at $46.4 billion and increased at an average annual rate of 8.51% over the next 10 years. (“Exports” refers to goods and services, and are measured in constant 2000 U.S. dollars.)
a. Assuming that this trend continues, find a natural growth function E(t) that gives the value of Brazil’s exports as a function of t, years alter 1994.
b. Based on your model, what was the value of Brazil’s exports in 2004?
c. Use your model to predict the year in which Brazil’s exports will double.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.