Question

One measure of living standards in country A is given by the following formula.

Upper L left parenthesis t right parenthesis equals 5 plus 4 e Superscript 0.17 tL(t)=5+4e0.17t

In this formula t is the number of years since 1982. Find L to the nearest hundredth for each year.

​(a)19871987   

​(b)19941994   

​(c)2007

Answer 1

Value of e = 2.718

Given,

Where,

t is the number of years since 1982

(a)

1987

Number of years t =1987-1982 = 5

(b)

1994

Number of years t =1194-1982 =12

(c)

2007

Number of years t =2007-1982 = 25

As rounding to nearest hundreth,