In the Formula N $\mathrm { N } = \mathrm { I } \mathrm { e } ^ { \mathrm { kt } }$

question 269

Multiple Choice

In the formula N $\mathrm { N } = \mathrm { I } \mathrm { e } ^ { \mathrm { kt } }$ , N is the number of items in terms of an initial population I at a given time t and k is a growth constant equal to the percent of growth per unit time. How long will it take for the population of a
Certain country to double if its annual growth rate is 5.7%? Round to the nearest year.

• A) 35 yr
• B) 12 yr
• C) 5 yr
• D) 1 yr

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A method of inventory valuation where the first items placed in inventory are the first ones sold, standing for First In, First Out.

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