Answer
$3,260,000$
Work Step by Step
Reading the graph,
in 1950, PV= 500 (thousands).
In 2010 (t=$60$ years),
for r=0.092 (as in exercise 37),
we need to find FV
$FV=PV(1+rt)=500(1+0.92\cdot 60)=$3260 (thousands)
or
$3,260,000$
Finite Math and Applied Calculus (6th Edition)
by Waner, Stefan; Costenoble, Steven
Published by
Brooks Cole
ISBN 10:
1133607705
ISBN 13:
978-1-13360-770-0
Chapter 2 - Section 2.1 - Simple Interest - Exercises - Page 134: 39
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