Math Problem Statement

Find the year in which the expenditures will be $55.7 trillion. A. 47 B. 2148 C. 2047 D. 142 E. None of these

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Linear Growth
Forecasting

Formulas

Exponential Growth Formula: A = P(1 + r)^t
Linear Growth: y = mx + b

Theorems

Logarithmic Growth
Compound Interest Theorem

Suitable Grade Level

Grades 11-12