Solved: Exercises 69 76 deal with functions of the formwhere k is the continuous
Chapter 5, Problem 72(choose chapter or problem)
Exercises 69 76 deal with functions of the formwhere k is the continuous exponentialgrowth rate. See Example 7. Outstanding consumer debt increased exponentiallyfrom $781.5 billion in 1990 to $1765.5 billion in 2002.(Source: Federal Reserve Bulletin)a. At what continuous rate is consumer debtgrowing?b. Assuming this rate continues, when willconsumer debt reach $2500 billion?
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