Question

Answer part C. I want step by step on this problem.

Answer 1

`Rate = 58007956.5217`

Explanation:

Solving (c): The rate of change:

In this concept, the formula to use is:

`Rate = (V2 - V1)/(t2 - t1)`

Where

`(t1,v1) = (0,62817000)` ----- In 2004

`(t2,v2) = (23,1397000000)` ------ In 2026

So, we have:

`Rate = (1397000000 - 62817000)/(23 - 0)`

`Rate = (1334183000)/(23)`

`Rate = 58007956.5217`