Question

Answer part C. I want step by step on this problem.

Answer 1

Answer:

$Rate = 58007956.5217$

Step-by-step explanation:

Solving (c): The rate of change:

In this concept, the formula to use is:

$Rate = \frac{V2 - V1}{t2 - t1}$

Where

$(t1,v1) = (0,62817000)$ ----- In 2004

$(t2,v2) = (23,1397000000)$ ------ In 2026

So, we have:

$Rate = \frac{1397000000 - 62817000}{23 - 0}$

$Rate = \frac{1334183000}{23}$

$Rate = 58007956.5217$