In 2000, there were about 200 million vehicles and about 277 million people in a certain country. The number of vehicles has been growing at 3.5% a year, while the population has been growing at 1% a year. (a) Write a formula for the number of vehicles (in millions) as a function of $t$, the number of years since 2000. Use the general exponential form. $V(t) = $ (b) Write a formula for the number of people (in millions) as a function of $t$, the number of years since 2000. Use the general exponential form. $P(t) = $ (c) If the growth rates remain constant, when is there, on average, one vehicle per person? Give your answer in exact form and decimal form. Exact form: years since 2000 Decimal form (nearest tenth) years since 2000
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03. Growth rate = 0.03 Show more…
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