9514 1404 393
Answer:
(x, y) = (3, -1)
Step-by-step explanation:
The solution to the system of equations is the point where the lines intersect.
(x, y) = (3, -1)
F=5.77X10^9(1.032^(y-1985)), we want to know when this is:
2.2X10^12=5.77X10^9(1.032^(y-1985))
381.2825=1.032^(y-1985)
ln(3,812825)=(y-1985)ln(1.032)
ln(3.812825)/ln(1.032)=y-1985
y=1985+ln(3.812825)/ln(1.032)
y≈2027.5
So GDP will reach 2.2 trillion during the year 2027.
COMPOUND INTEREST
Compounded Calculation Interest Rate For One Period
Semiannually, every 6 months, every half of a year (.06)/2 0.03
Annually, every year .06 .06
6% means 6 percent (from Medieval Latin for per centum, meaning "among 100"). 6% means 6 among 100, thus 6/100 as a fraction and .06 as a decimal
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