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Choose the One Alternative That Best Completes the Statement or Answers

Question 71

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A certain country's Consumer Price Index is approximated by A(t) =100e0.024t\mathrm { A } ( \mathrm { t } ) = 100 \mathrm { e } ^ { 0.024 \mathrm { t } } , where t\mathrm { t } represents the number of years. Use the function to determine the year in which costs will be 50%50 \% higher than in year 0.


A) year 17
B) year 19
C) year 13
D) year 15

Correct Answer:

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