Please answer all parts of the following question (you must use Calculus concepts learned and show all work): Lumen Electronics has seen a stellar expansion in recent months. The company's profit, P, is currently growing exponentially at 5% each year. The rate of change of the company's profit can be modeled as 1PdP=0.05dt.  Find a general formula that expresses the profit of the company as a function of time, t.

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
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Please answer all parts of the following question (you must use Calculus concepts learned and show all work):

Lumen Electronics has seen a stellar expansion in recent months. The company's profit, P, is currently growing exponentially at 5% each year. The rate of change of the company's profit can be modeled as 1PdP=0.05dt.  Find a general formula that expresses the profit of the company as a function of time, t. 

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