The total amount of money in circulation for the years 1990-2012 can be closely approximated by M(t)=0.05026t³-1.12212² +37.56t+247.1, where t represents the number of years since 1990 and M(t) is in billions of dollars. Find the derivative of M(t) and use it to find the rate of change of money in circulation in the following years. a. 1992 b. 1999 d. 2011 c. 2005 e. What do your answers in parts a-d tell you about the amount of money in circulation in those years? G a. The rate of change of money in circulation in 1992 was $ billion per year. (Round to two decimal places as needed.)
The total amount of money in circulation for the years 1990-2012 can be closely approximated by M(t)=0.05026t³-1.12212² +37.56t+247.1, where t represents the number of years since 1990 and M(t) is in billions of dollars. Find the derivative of M(t) and use it to find the rate of change of money in circulation in the following years. a. 1992 b. 1999 d. 2011 c. 2005 e. What do your answers in parts a-d tell you about the amount of money in circulation in those years? G a. The rate of change of money in circulation in 1992 was $ billion per year. (Round to two decimal places as needed.)
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...
Related questions
Question
9
Answer all parts for a thumbs up
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 4 images
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill