In 1990, a total of $514 billion was spent on food and drinks in a particular country. In 2003, the total spent was $904 billion.
(a)
Find the equation of the exponential function that can be used to model the total T spent (in billions of dollars) on food and drinks in this country as a function of the number of years t since 1990. (Round your decimal value to four decimal places.)
T = answer a
(b)
Use your model to predict the amount spent (in billions of dollars) in 2000. (Round your answer to the nearest integer.)
answer b billion dollars
(c)
What is your prediction for the total sales of food and drink (in billions of dollars) in 2018? (Round your answer to the nearest integer.)
answer c billion dollars
(d)
Estimate when the total sales will reach $2 trillion if this exponential trend continues. (Round your answer to two decimal places.)
t = answer d

In 1990, a total of $514 billion was spent on food and drinks in a particular country. In 2003, the total spent was $904 billion.

(a)

Find the equation of the exponential function that can be used to model the total T spent (in billions of dollars) on food and drinks in this country as a function of the number of years t since 1990. (Round your decimal value to four decimal places.)

T = answer a

(b)

Use your model to predict the amount spent (in billions of dollars) in 2000. (Round your answer to the nearest integer.)

answer b billion dollars

(c)

What is your prediction for the total sales of food and drink (in billions of dollars) in 2018? (Round your answer to the nearest integer.)

answer c billion dollars

(d)

Estimate when the total sales will reach $2 trillion if this exponential trend continues. (Round your answer to two decimal places.)

tStep-by-

the answer is 13/48

step-by-step explanation:

$3,200 x 7.25% = $3,200 x .0725 = $232 interest monthly

$232 monthly x 12 annual = $2, 784

step-by-step explanation: