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
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,
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