In 2004 the gross world product,
W, (total output in goods and services) was 54.7 trillion dollars and growing at a continuous rate of 3.8% per year.
(a) Write a formula for
W, the GWP (in trillions of dollars), as a function of years,
t, since 2004.
help (formulas)
(b) Estimate the value of
t when the GWP is predicted to reach 70 trillion dollars.
(Round to the nearest 0.1 years.)
help (numbers)
You can earn partial credit on this problem.