Suppose the rate of change of total personal income I in the United States (in billions of dollars) can be modeled by
, where t is the number of years past 1960. Find the total personal income in 2016 by using the arbitrary constant that is evaluated by using the data point from 1960. Also find the rate of change of total personal income in 2016. Round your answers to two decimal places.
?
Year
1960
1970
1980
1990
1999
2000
2002
Personal income
246.1
718.9
1666.3
3564.6
6858.5
7368.3
8500.7
?
A.
B.
C.
D.
E.
Answer: E
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