The Growth in Population of a City Can Be Seen $\mathrm { p } ( \mathrm { t } ) = 9768 \mathrm { e } ^ { 0.003 \mathrm { t } }$

question 292

Multiple Choice

The growth in population of a city can be seen using the formula p(t) $\mathrm { p } ( \mathrm { t } ) = 9768 \mathrm { e } ^ { 0.003 \mathrm { t } }$ , where t is the number of years. According to this formula, in how many years will the population reach 14,652? Round to the nearest
Tenth of a year.

• A) 270.3 yr
• B) 135.2 yr
• C) 67.6 yr
• D) 101.4 yr

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Definitions:

Estimated Liability

An obligation that can be reasonably estimated but whose exact value and timing are not known.

Premium Redemption

The act of repaying a bond or other security at its premium price before it reaches maturity.

Warranty Accrual Method

An accounting approach where a company estimates future warranty expenses and records them as a liability at the time the product is sold.

Warranty Expense

Costs a company expects to incur as a result of repairing or replacing products within the warranty period.