83. In the 18th century, Indian silk exports increased rapidly due to high demand in European markets. If the export quantity doubled every 5 years, starting with 1,000 tons in 1750, what was the export quantity in 1760?
Key Concept: Market Expansion, European Demand
c) 4,000 tons
[Solution Description]
Starting with 1,000 tons in 1750, the export quantity doubles every 5 years. To find the export quantity in 1760, calculate the number of doubling periods between 1750 and 1760:
$\text{Number of Periods} = \frac{1760 - 1750}{5} = 2$
Now, calculate the export quantity after 2 doubling periods:
$\text{Export Quantity} = 1000 \times 2^2 = 1000 \times 4 = 4000 \text{ tons}$
The export quantity of Indian silk in 1760 was 4,000 tons.
Your Answer is correct.
c) 4,000 tons
[Solution Description]
Starting with 1,000 tons in 1750, the export quantity doubles every 5 years. To find the export quantity in 1760, calculate the number of doubling periods between 1750 and 1760:
$\text{Number of Periods} = \frac{1760 - 1750}{5} = 2$
Now, calculate the export quantity after 2 doubling periods:
$\text{Export Quantity} = 1000 \times 2^2 = 1000 \times 4 = 4000 \text{ tons}$
The export quantity of Indian silk in 1760 was 4,000 tons.