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How fast was this segment of the population growing

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Reference no: EM131560617

Question: ACCUMULATION YEARS People from their mid-40s to their mid-50s are in the prime investing years. Demographic studies of this type are of particular importance to financial institutions. The function

N(t) = 34.4(1 + 0.32125t)0.15               (0 ≤ t ≤ 12)

gives the projected number of people in this age group in the United States (in millions) in year t, where t = 0 corresponds to the beginning of 1996.

a. How large was this segment of the population projected to be at the beginning of 2005?

b. How fast was this segment of the population growing at the beginning of 2005?

Reference no: EM131560617

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