Solve the Problem $p ( t ) = 6680 \mathrm { e } ^ { 0.004 t }$

question 11

Multiple Choice

Solve the problem.
-The growth in population of a city can be seen using the formula $p ( t ) = 6680 \mathrm { e } ^ { 0.004 t }$ , where $t$ is the number of years. According to this formula, in how many years will the population reach 10,020 ? Round to the nearest tenth of a year.

• A) \(50.7 \mathrm { yr }\)
• B) \(76.0 \mathrm { yr }\)
• C) \(202.7 \mathrm { yr }\)
• D) \(101.4 \mathrm { yr }\)

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Definitions:

Total Assets

The sum of all resources owned by a company, valued in terms of the financial benefits they bring, and listed on the balance sheet.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including debts and other financial commitments.

Return on Total Assets

A financial ratio that measures a company's ability to generate net income from its total assets, indicating efficiency in asset use.

Total Assets

The sum of all resources owned by a company, valued and reported on the balance sheet, representing the total wealth of the company.