Solved: In 1990 a total of 488 billion was spent on food and drinks, Basic Statistics

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In 1990 a total of 488 billion was spent on food and drinks

In 1990, a total of $488 billion was spent on food and drinks in a particular country. In 2003, the total spent was $868 billion.

The equation: T=488*1.0453^t

Question: Estimate when the total sales will reach $2 trillion if this exponential trend continues. (Round your answer to two decimal places.)

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Basic Statistics: In 1990 a total of 488 billion was spent on food and drinks

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Basic Statistics: In 1990 a total of 488 billion was spent on food and drinks

Reference No:- TGS02519142

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