Answer:
96
Step-by-step explanation:
The question supplied is incomplete. The complete question is shown below:
The Gross national product (GNP) is the value of all the goods and services produced in an economy, plus the value of goods and services imported, less the goods and services exported. During the period of 1994-2004, the GNP of Canada grew about 4.8% per year, measured in 2003 dollars. In 1994, the GNP was $5.9 billion. Assuming this rate continues, in what year with the GNP reach $10 billion?
Answer:
2006
Step-by-step explanation:
Every year, the new GNP will become (100 + 4.8)% of that of the previous year. That is 104.8%, and equivalent of 1.048.
Let P(y) be the GNP after a period of y years.
After y years, the equation for calculating A(y) becomes
A(y)=5.9*(1.048)^y
Since A(y) = 10
10=5.9*(1.048)^y
10/5.9 =(1.048)^y
1.695=(1.048)^y
ln(1.695) = ln(1.048)^y
ln(1.695) = y ln1.048
y=ln1.695/ln1.048
y=11.26 years
1994 + 12 = 2006
Canada’s GNP will reach $10 billion in the year 2006
Answer:
the original price was $46.12
Step-by-step explanation:
if you add 5 back to that number.
