muing and saving after taxes have been paid and is one gauge for the state of the economy. Using U.S. Energy Administration data for selected years from 2010 and projected to 2040, the total U.S. disposable income, in billions, can be modeled by D(t) = 10,020e0.02292t where t is the number of years past 2010. In what year is disposable income predicted to be $17 trillion (that is, $17,000 billion)?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
icon
Related questions
Question
Disposable income is the amount available for spending and saving after taxes have been paid and is one gauge for the state of the economy.
Using U.S. Energy Administration data for selected years from 2010 and projected to 2040, the total U.S. disposable income, in billions, can be
modeled by
D(t) = 10,020e0.02292t
where t is the number of years past 2010. In what year is disposable income predicted to be $17 trillion (that is, $17,000 billion)?
Need Help? Read It
10
Transcribed Image Text:Disposable income is the amount available for spending and saving after taxes have been paid and is one gauge for the state of the economy. Using U.S. Energy Administration data for selected years from 2010 and projected to 2040, the total U.S. disposable income, in billions, can be modeled by D(t) = 10,020e0.02292t where t is the number of years past 2010. In what year is disposable income predicted to be $17 trillion (that is, $17,000 billion)? Need Help? Read It 10
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning