Intermediate Algebra (6th Edition)

Published by Pearson
ISBN 10: 0321785045
ISBN 13: 978-0-32178-504-6

Chapter 9 - Section 9.3 - Exponential Functions - Exercise Set: 39a

Answer

There were about $9.7$ billion pounds of cheese produced in the United States in 2007.

Work Step by Step

2007 is 4 years after 2003 so $x=4$. Substitute 4 to $x$ in the given equation to have: $\\y=8.6(1.03)^x \\y=8.6(1.03)^4 \\y=9.679375766 \\y\approx 9.7$
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