Asked by Neil
Assume the national debt D increases at an annual rate of 5% and that the debt in 2000 was 57 billion dollars. This means that D = 57(1.05t ), where t is the number of years after 2000.
In what year will the debt have doubled?
In what year will the debt have doubled?
Answers
Answered by
Steve
that will be when 1.05^t = 2
Now add that t to 2000
Now add that t to 2000
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