Homework Help is Here – Start Your Trial Now!
Math
Algebra
In 2002, a company sold 2,480 units. The company's accountant noticed a 5.2% continuous annual increase in the number of units sold between 2002 and 2008. a. Identify a natural exponential function N(f) that models the number of units sold by the company, where t is the number of years after 2002. O N (t) = 2,480 (0.052) O N(t) = 2,480 e5.2 t O N(t) = 2,480 (5.2)t O N(t) = 2,480 e0-D52 t b. Find and interpret N(4). O 4,004; In the year 2006, the number of urs sold by the company was approximately 4,004 units. O 4,004; The number of units sold by the company was increased by 4,004 units since 2006. O 3,053; In the year 2006, the number of units sold by the company was approximately 3,053 units. O 3,053; The number of units sold by the company was increased by 3,053 units since 2006. c. If this growth rate continues, use your model to estimate when the company will sell approximately 8,000 units. Solve algebraically and round your answer to the nearest whole number. Number years after 2002, or Number

In 2002, a company sold 2,480 units. The company's accountant noticed a 5.2% continuous annual increase in the number of units sold between 2002 and 2008. a. Identify a natural exponential function N(f) that models the number of units sold by the company, where t is the number of years after 2002. O N (t) = 2,480 (0.052) O N(t) = 2,480 e5.2 t O N(t) = 2,480 (5.2)t O N(t) = 2,480 e0-D52 t b. Find and interpret N(4). O 4,004; In the year 2006, the number of urs sold by the company was approximately 4,004 units. O 4,004; The number of units sold by the company was increased by 4,004 units since 2006. O 3,053; In the year 2006, the number of units sold by the company was approximately 3,053 units. O 3,053; The number of units sold by the company was increased by 3,053 units since 2006. c. If this growth rate continues, use your model to estimate when the company will sell approximately 8,000 units. Solve algebraically and round your answer to the nearest whole number. Number years after 2002, or Number

Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.CR: Chapter Review
Problem 12CC
See similar textbooks
icon
Related questions
Question
In 2002, a company sold 2,480 units. The company's accountant noticed a 5.2% continuous annual increase in the number of units sold between 2002 and 2008. a. Identify a natural exponential function N(f) that models the number of units sold by the company, where t is the number of years after 2002. O N(t) = 2,480 (0.052)* O N(t).= 2,480 e5.2 t %3D N (t) = 2,480 (5.2)t O N(t) = 2,480 e0.052 t b. Find and interpret N(4). 4,004; In the year 2006, the number of urs sold by the company was approximately 4,004 units. 4,004; The number of units sold by the company was increased by 4,004 units since 2006. 3,053; In the year 2006, the number of units sold by the company was approximately 3,053 units. 3,053; The number of units sold by the company was increased by 3,053 units since 2006. c. If this growth rate continues, use your model to estimate when the company will sell approximately 8,000 units. Solve algebraically and round your answer to the nearest whole number. Number years after 2002, or Number
Transcribed Image Text:In 2002, a company sold 2,480 units. The company's accountant noticed a 5.2% continuous annual increase in the number of units sold between 2002 and 2008. a. Identify a natural exponential function N(f) that models the number of units sold by the company, where t is the number of years after 2002. O N(t) = 2,480 (0.052)* O N(t).= 2,480 e5.2 t %3D N (t) = 2,480 (5.2)t O N(t) = 2,480 e0.052 t b. Find and interpret N(4). 4,004; In the year 2006, the number of urs sold by the company was approximately 4,004 units. 4,004; The number of units sold by the company was increased by 4,004 units since 2006. 3,053; In the year 2006, the number of units sold by the company was approximately 3,053 units. 3,053; The number of units sold by the company was increased by 3,053 units since 2006. c. If this growth rate continues, use your model to estimate when the company will sell approximately 8,000 units. Solve algebraically and round your answer to the nearest whole number. Number years after 2002, or Number
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS