rtt) = 416e-0.322t billion dollars per year (0 sts 5), ere t is the year since 2005. If this trend were to have continued into the indefinite future, estimate the total revenue from the sale of new homes in the country from 2005 on. HINT [See Example 1.] (Round your swer to the nearest billion dollars.) billion

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
icon
Related questions
Question
Suppose revenue from the sale of new homes in a certain country decreased dramatically from 2005 to 2010 as shown in the model
r(t) = 416e0.322t billion dollars per year
(0 st s 5),
where t is the year since 2005. If this trend were to have continued into the indefinite future, estimate the total revenue from the sale of new homes in the country from 2005 on. HINT [See Example 1.] (Round your
answer to the nearest billion dollars.)
$
billion
Transcribed Image Text:Suppose revenue from the sale of new homes in a certain country decreased dramatically from 2005 to 2010 as shown in the model r(t) = 416e0.322t billion dollars per year (0 st s 5), where t is the year since 2005. If this trend were to have continued into the indefinite future, estimate the total revenue from the sale of new homes in the country from 2005 on. HINT [See Example 1.] (Round your answer to the nearest billion dollars.) $ billion
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
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
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning