Dear Sir
I would be grateful if you can help me to solve the the below question
The answer is .0163
thanks
Kingsman
1. Convert the 1933 price to cents per litre.
2. For exponential growth the price $\displaystyle $$ t$ years from 1933 is
$\displaystyle p(t)=p_0 e^{kt}$
where $\displaystyle p_0$ is the price in cents per litre in 1933.
3. Now find $\displaystyle $$ k$ using the 1986 datum, it is the required rate constant.
CB