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) = 415e-0.323t billion dollars per year (0 sts 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
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) = 415e-0.323t billion dollars per year (0 sts 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
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...
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) = 415e0.323t billion dollars per year
(0 sts 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27cbc9b0-836d-48db-85f0-2f4f108113fe%2F4c5a488b-db60-47a3-abaf-86b43a918962%2Fc4hh0zt_processed.png&w=3840&q=75)
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) = 415e0.323t billion dollars per year
(0 sts 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
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.Recommended textbooks for you
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage