A Population Is Increasing According to the Exponential Function Defined $\mathrm { y } = 3 \mathrm { e } .04 \mathrm { x }$

question 52

Multiple Choice

A population is increasing according to the exponential function defined by $\mathrm { y } = 3 \mathrm { e } .04 \mathrm { x }$ , where $\mathrm { y }$ is in millions and $x$ is the number of years. Which of the following should be done in order to answer the question "How long will it take for the population to quadruple?"

• A) Evaluate \(\mathrm { y } = 3 \mathrm { e } \cdot 04 ( 4 )\).
• B) Solve \(3 \mathrm { e } ^ { - 04 \mathrm { x } } = 4\).
• C) Evaluate \(y = 3 e ^ { 0 } 04 ( 1 / 4 )\).
• D) Solve \(3 e ^ { . } 04 x = 12\).

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Identify the proper accounting treatment for both debt and equity components of convertible bonds.

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