20. Total revenue. Intel, a computer chip manufacturer, reported $1265 million in total revenue in 1986. In 2016, the total revenue was $59.4 billion. (Source: intel. com.) Assuming an exponential model, find the growth rate k, to four decimal places, and determine the rev- enue function R, with R(t) in billions of dollars, t years after 1986. Then predict the company's total revenue for 2025.

20. Total revenue. Intel, a computer chip manufacturer, reported $1265 million in total revenue in 1986. In 2016, the total revenue was $59.4 billion. (Source: intel. com.) Assuming an exponential model, find the growth rate k, to four decimal places, and determine the rev- enue function R, with R(t) in billions of dollars, t years after 1986. Then predict the company's total revenue for 2025.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 11T: Suppose that $12,000 is invested in a saving account paying 5.6% interest per year. (a)Write the...

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