<PRE><B>Question 1040933</B>
 During the period of 1994-2004, the GNP of Canada grew about 4.8% per year, measured in 2003 dollars. In 1994, the GNP was $5.9 billion. Assuming this rate continues, in what year with the GNP reach $10 trillion? 
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A(x) = 5.9*1.048^x = 10
1.048^x = 1.6949
x*ln(1.048) = ln(1.6949)
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x = ln(1.6949)/ln(1.048) = 11.25 years
Note:: 11.25 is in the 12th year after 1994
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Ans: 1994 + 12 = 2006
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Cheers,
Stan H.
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