Solve the Problem $\mathrm { A } = 21 \mathrm { e } ^ { \mathrm { kt } }$

question 146

Multiple Choice

Solve the problem.
-The population of a particular country was 21 million in 1984; in 1989, it was 32 million. The exponential growth function $\mathrm { A } = 21 \mathrm { e } ^ { \mathrm { kt } }$ describes the population of this country t years after describes the population of this country t years after 1984. Use the fact that 5 years
After 1984 the population increased by 11 million. Find k rounded to three decimal places.

• A)0.084
• B)1.302
• C)0.094
• D)0.480

---

Definitions:

Decreasing Costs

A situation where the total cost of production goes down as the volume of production increases.

LIFO Method

The LIFO (Last In, First Out) method is an inventory valuation technique where the latest items added to inventory are the first to be sold or used.

Net Income

The remaining earnings of a business after deducting all costs and taxes from its total income.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting the cost of goods sold.