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    Find equation for P at t where t is time and P is Production in thousands.

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    Using [email protected][email protected] time(1+r)to the t power. where r is the percentage rate increase and t is the difference in ending year and beginning year. Find equation for P @any t. Use this chart:
    Year 1825 1850 1875 1900 1925 1950 1975
    P(in 100 152 218 301 404 535 700

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    Solution Preview

    Suppose t=0 means year 1825, thus the initial P0 is 100 thousands.
    We have ...

    Solution Summary

    The value of a function at different points is used to find an equation.