Answer:
[tex]Rate = 58007956.5217[/tex]
Step-by-step explanation:
Solving (c): The rate of change:
In this concept, the formula to use is:
[tex]Rate = \frac{V2 - V1}{t2 - t1}[/tex]
Where
[tex](t1,v1) = (0,62817000)[/tex] ----- In 2004
[tex](t2,v2) = (23,1397000000)[/tex] ------ In 2026
So, we have:
[tex]Rate = \frac{1397000000 - 62817000}{23 - 0}[/tex]
[tex]Rate = \frac{1334183000}{23}[/tex]
[tex]Rate = 58007956.5217[/tex]
