Solve the Problem $\mathrm { A } = 30 \mathrm { e } ^ { \mathrm { kt } }$

question 236

Multiple Choice

Solve the problem.
-The population of a particular country was 30 million in 1984; in 1995, it was 34 million. The exponential growth function $\mathrm { A } = 30 \mathrm { e } ^ { \mathrm { kt } }$ describes the population of this country t years after 1984. Use the fact that 11 years
After 1984 the population increased by 4 million to find k to three decimal places.

• A) 0.126
• B) 0.011
• C) 0.630
• D) 0.021

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Definitions:

Demand

Refers to consumers' willingness and ability to purchase goods and services at different prices.

Quantity Demanded

The aggregate sum of a product or service that buyers are ready and able to buy at a particular price point.

Gasoline

A flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified period.