Consumer expenditures, in millions of dollars, on all types of books in the United States for the years 1995-2005 can be modeled by the function defined by B(x)=26,080 e0453x where x-0 represents 1995, x= 1 represents 1996, and so on. Approximate consumer expenditures for 2001. The total expenditures in the year 2001 was approximately million dollars. (Round to the nearest integer as needed.).

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 64E
icon
Related questions
Question
12.6.61
Consumer expenditures, in millions of dollars, on all types of books in the United States for the years 1995-2005 can be modeled by the function defined by
0.0453x
B(x)= 26,080 e
where x-0 represents 1995, x= 1 represents 1996, and so on. Approximate consumer expenditures for 2001.
million dollars.
The total expenditures in the year 2001 was approximately
(Round to the nearest integer as needed.)
Transcribed Image Text:12.6.61 Consumer expenditures, in millions of dollars, on all types of books in the United States for the years 1995-2005 can be modeled by the function defined by 0.0453x B(x)= 26,080 e where x-0 represents 1995, x= 1 represents 1996, and so on. Approximate consumer expenditures for 2001. million dollars. The total expenditures in the year 2001 was approximately (Round to the nearest integer as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Differential Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill