U.S. Exports. United States exports increasedfrom $12 billion in 1950 to $1.550
Chapter 5, Problem 4(choose chapter or problem)
U.S. Exports. United States exports increasedfrom $12 billion in 1950 to $1.550 trillion, or$1550 billion, in 2009 (Sources: www.dlc.org;U.S. Department of Commerce). Assuming that the exponential growth modelapplies:a) Find the value of k and write the function.b) Estimate the value of exports, in billions,in 1972, in 2001, and in 2015. Round to thenearest tenth of a billion.
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