Solve the Problem. -Suppose the Consumption of Electricity Grows at 5.8% Per Year

question 103

Multiple Choice

Solve the problem.
-Suppose the consumption of electricity grows at 5.8% per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.

• A) 18.94 yr
• B) 1.89 yr
• C) 51.72 yr
• D) 0.19 yr

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Definitions:

Unilateral Changes

Changes imposed by one party onto another without mutual agreement or negotiation.

Bargained

Negotiated terms and conditions that have been agreed upon by two or more parties, especially relating to employment contracts and labor relations.

Impasse

A deadlock or stalemate reached during negotiations where both sides are unable to resolve differences and move forward, often leading to a halt in discussions until conditions change.

Mainstream Industrial Relations

Pertains to the conventional study and practice of the relationship between employers, workers, and the government including trade unions and collective bargaining.