Solve the Problem $\mathrm { P } ( \mathrm { t } )$

question 85

Multiple Choice

Solve the problem.
-A certain country's population $\mathrm { P } ( \mathrm { t } )$ , in millions, $\mathrm { t }$ years after 1980 can be approximated by
$$\mathrm { P } ( \mathrm { t } ) = 3.495 ( 1.016 ) ^ { \mathrm { t } } \text {. }$$
In what year will the country's population reach 6 million?

• A) About 2024
• B) About 2019
• C) About 2004
• D) About 2014

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Definitions:

Portfolio Beta

A measure of a portfolio's sensitivity to market movements, indicating its volatility relative to the market.

Risk-Free Rate

The theoretical rate of return of an investment with zero risk, typically represented by the yield on government securities like U.S. Treasury bonds.

Sample Standard Deviation

A measure of the dispersion or variability in a subset of data from its mean, used to estimate the standard deviation of the entire population.

Returns

The profit or loss derived from investing in or owning an asset over a given period.