The Growth in Population of a City Can Be Seen $$\mathrm { p } ( \mathrm { t } ) = 3430 \mathrm { e } ^ { 0.007 \mathrm { t } }$$

question 230

Multiple Choice

The growth in population of a city can be seen using the formula p(t) $$\mathrm { p } ( \mathrm { t } ) = 3430 \mathrm { e } ^ { 0.007 \mathrm { t } }$$ , where t is the number of years. Use this formula to calculate the population after 10 years.

• A) 3945
• B) 7357
• C) 3679
• D) 11,036

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Definitions:

Dividend Increases

The raising of the dividend amount paid to shareholders by a company, typically indicative of the company’s growing profits or cash reserves.

Basis of Value

The underlying assumptions or standards used to determine the value of an asset or liability.

Dividends

Funds distributed by a company to its stockholders, typically from earnings.

Retained Earnings

The portion of net income not distributed to shareholders but retained by the company to reinvest in its core business or to pay off debt.