Problem

One measure of living standards in country A is given by the following formula.
L(t)=8+4e0.19t
In this formula t is the number of years since 1982. Find L to the nearest hundredth for each year.
(a) 1987
(b) 1996
(c) 2002

Answer

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Answer

Final Answer: (a) For the year 1987, L(t) is approximately 18.34. (b) For the year 1996, L(t) is approximately 65.19. (c) For the year 2002, L(t) is approximately 186.8.

Steps

Step 1 :The problem provides us with a formula for living standards in country A: L(t)=8+4e0.19t, where t is the number of years since 1982. We are asked to find L(t) for the years 1987, 1996, and 2002.

Step 2 :To find these values, we need to substitute the corresponding t values into the formula. The t value is the number of years since 1982, so for 1987, t=19871982=5, for 1996, t=19961982=14, and for 2002, t=20021982=20.

Step 3 :Substituting these t values into the formula, we get L(5)=8+4e0.195, L(14)=8+4e0.1914, and L(20)=8+4e0.1920.

Step 4 :Calculating these expressions, we find that L(5) is approximately 18.34, L(14) is approximately 65.19, and L(20) is approximately 186.8.

Step 5 :Final Answer: (a) For the year 1987, L(t) is approximately 18.34. (b) For the year 1996, L(t) is approximately 65.19. (c) For the year 2002, L(t) is approximately 186.8.

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