In 1968, the U. S. minimum wage was $1.60 per hour. In 1978, the minimum wage was $2.65 per hour. Assume the minimum wage grows according to an exponential model w(t), where t represents the time in years after 1960. (a) Find a formula for w(t). (Round values to three decimal places.) w(t)

Exponential equation is  

W(t) = $1.343* e^(0.022*t) ; where t = number of years from 1960

Step-by-step explanation:

Let’s assume W is minimum wage (in $) at time t, in years since 1960. Then W(o) is the  minimum wage in 1960; so exponential wage eqn. will be

W(t) = W(o)* e^(kt) ; where k is exponential constant

1.60 = W(o)* e^(k*8) 1) ; in 1968 i.e. after t = 8 years, wages = $1.6

2.65 = W(o)* e^(k*18) 2) ; in 1978 i.e. after t = 18 years, wages = $2.65

Divide eqn. 2 by 1, we get

2.65e^(k*18)

=

1.6e^(k*8)

1.656 = e^(10k)

Taking log on both sides

Log(1.656) = log (e^(10k))

0.219 = 10k

=>k = 0.022

now find W(o) by plugging this value in eqn. 1

1.60 = W(o)* e^(0.022*8)  

1.60 = W(o)*e^(0.175)

1.60 = W(o)*1.191

=> W(o) = $1.343 per hour

Exponential equation is  

W(t) = $1.343* e^(0.022*t) ; where t = number of years from 1960

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the 1789 declaration, together with the 1215 magna carta, the 1689 english bill of rights (1689), the 1776 united states declaration of independence, and the 1789 united states bill of rights, inspired in large part the 1948 united nations universal declaration of human rights

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step-by-step explanation:

there's nothing attached so it's most likely anything in that range.