The total municipal debt for the state of Illinois can be represented as the exponential function M(t)=41.24(1.052)t, where M
represents the total municipal debt for the state in billions of dollars and t
is the number of years since 2000. Determine the statement that interprets the function M(t).(1 point)
Responses
The total municipal debt in Illinois was $39.20 billion in 2000 and increases about 105.2% each year.
The total municipal debt in Illinois was 39.20 dollars billion in 2000 and increases about 105.2 percent each year.
The total municipal debt in Illinois was $43.38 billion in 2000 and increases about 5.2% each year.
The total municipal debt in Illinois was 43.38 dollars billion in 2000 and increases about 5.2 percent each year.
The total municipal debt in Illinois was $41.24 billion in 2000 and increases about 5.2% each year.
The total municipal debt in Illinois was 41.24 dollars billion in 2000 and increases about 5.2 percent each year.
The total municipal debt in Illinois was $41.24 million in 2000 and increases about 1.052% each year.
1 answer