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
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