Suppose That the Population (In Millions) of a Paraguay in 2007

question 8

Multiple Choice

Suppose that the population (in millions) of a Paraguay in 2007 is 6.7 and that expected continuous annual rate of change of the population is 0.024. The exponential growth model for the population by letting corresponds to 2000 is . Use the model to predict the population of the country in 2014. Round your answer to two decimal places.

• A)7.93 million
• B)7.74 million
• C)8.12 million
• D)6.86 million
• E)7.03 million

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Definitions:

Retained Earnings

The amount of net profit remaining for the company after distributing dividends to its stockholders.

Note Payable

A written promise to pay a specified amount of money, along with interest, by a certain date.

Interest Expense

The cost incurred by an entity for borrowed funds, recognized in the income statement.

Income Statement

A financial report that shows the revenue, expenses, and profit or loss of a business over a specific period of time.