The year Twitter become worth $24 billion is 2019
Step-by-step explanation:
The formula to apply is;
[tex]y=a(1+r)^{x}[/tex]
where
a=initial amount
r=growth rate as a decimal
x=number of time interval passed
y=amount after x time
Given
r=170%=170/100 =1.7
a=$500,000
x=?
y=$24000000000
Finding x
y=a(1+r)^x
$24000000000=$500000(1+1.7)^x
simplify the above by eliminating the zeros both sides to remain with;
240000=5(1+1.7)^x
Divide both sides by 5
48000=(2.7)^x
Introduce natural log both sides
In (48000)=x In (2.7)
10.778=0.993x ------divide both sides by 0.993
10.778/0.993=0.993x/0.993
10.85=x
Taking a whole number for the value of years,this will be 10 years
The year will be 2009+10=2019
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Keyword : growing, exponentially, rate
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