EXample 4. An index is at 100 in 2001. It rises 5% in 2002, falls 6% in 2003, falls 5% in 2004, rises 4% in 2005 and 7% in 2006. Calculate the index numbers for all these years with 2001 as base.
EXample 4. An index is at 100 in 2001. It rises 5% in 2002, falls 6% in 2003, falls 5% in 2004, rises 4% in 2005 and 7% in 2006. Calculate the index numbers for all these years with 2001 as base.
Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 11ECP: In Example 11, during which year did the sales reach $180 billion?
Related questions
Question
100%
Transcribed Image Text:Example 4. An index is at 100 in 2001. It rises 5% in 2002, falls 6% in 2003, falls 5% in
2004, rises 4% in 2005 and 7% in 2006. Calculate the index numbers for all these years with 2001
as base.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
