Answer
Answer B
Work Step by Step
The Exponential growth model is: $y=a(1+r)^{t}$
Given: $a=290\\r=0.009$
Plug in the data: $y=290(1+0.009)^{t}$
For 2010, substitute $t=7$
$y=290(1+0.009)^{7}\approx309$ million
The correct answer is $B$.
Algebra 2 (1st Edition)
by Larson, Ron; Boswell, Laurie; Kanold, Timothy D.; Stiff, Lee
Published by
McDougal Littell
ISBN 10:
0618595414
ISBN 13:
978-0-61859-541-9
Chapter 7 Exponential and Logarithmic Functions - Standardized Test Practice - Multiple Choice - Page 546: 6
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