time (t) Consider the above linear function which shows a straight line representation of the growth function Y, = Y,(1 + G)t where: Y = income at timet Yo = income at time 0 G is the growth rate The value at A is log 10100, and the numerical value of the gradient is 0.012 [Hint: this numerical value of the gradient is derived from the log value.] (a) How should the vertical axis be labelled? (b) Find the value of Yo. (c) Find the growth rate, G (giving G as a percentage value to 1 decimal place)
time (t) Consider the above linear function which shows a straight line representation of the growth function Y, = Y,(1 + G)t where: Y = income at timet Yo = income at time 0 G is the growth rate The value at A is log 10100, and the numerical value of the gradient is 0.012 [Hint: this numerical value of the gradient is derived from the log value.] (a) How should the vertical axis be labelled? (b) Find the value of Yo. (c) Find the growth rate, G (giving G as a percentage value to 1 decimal place)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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time (t)
Consider the above linear function which shows a straight line representation of the growth function Y, = Yo(1 + G)t
where:
Y, = income at time t
Yo = income at time 0
G is the growth rate
The value at A is log10100, and the numerical value of the gradient is 0.012
[Hint: this numerical value of the gradient is derived from the log value.]
(a) How should the vertical axis be labelled?
(b) Find the value of Y.
(c) Find the growth rate, G (giving G as a percentage value to 1 decimal place)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc40ff26c-acdf-4c64-9b1c-9da4f6acfc66%2F5ae9358f-733d-446c-8805-f1d253498f6f%2Fdsw0s38_processed.jpeg&w=3840&q=75)
Transcribed Image Text:12.
time (t)
Consider the above linear function which shows a straight line representation of the growth function Y, = Yo(1 + G)t
where:
Y, = income at time t
Yo = income at time 0
G is the growth rate
The value at A is log10100, and the numerical value of the gradient is 0.012
[Hint: this numerical value of the gradient is derived from the log value.]
(a) How should the vertical axis be labelled?
(b) Find the value of Y.
(c) Find the growth rate, G (giving G as a percentage value to 1 decimal place)
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