Company ABC's rate of sales is given by 1461e0.131t million dollars per year, where t is the number of years since 2000. Assuming that this rate holds through 2007, and using an interest rate of 6.25% compounded continuously, find the value in 2000 of ABC's sales over the time period from 2000 through 2007. Round your answer to the nearest tenth. Answer: $ million
Company ABC's rate of sales is given by 1461e0.131t million dollars per year, where t is the number of years since 2000. Assuming that this rate holds through 2007, and using an interest rate of 6.25% compounded continuously, find the value in 2000 of ABC's sales over the time period from 2000 through 2007. Round your answer to the nearest tenth. Answer: $ million
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 94E
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