Suppose that R1 = 7.71 + 0.83t and R2 7.71 + 0.43t model the revenue (in %3D billions of dollars) for a large corporation. The model R1 gives projected annual revenues from 2008 through 2016, with t=8 corresponding to 2008, and R2 gives projected revenues if there is a decrease in the rate of growth of corporate sales over the period. Approximate the total reduction in revenue if corporate sales are actually closer to the model R2. Round your answer to three decimal places. Once again, use your calculator as much as you'd like for this one!

Suppose that R1 = 7.71 + 0.83t and R2 7.71 + 0.43t model the revenue (in %3D billions of dollars) for a large corporation. The model R1 gives projected annual revenues from 2008 through 2016, with t=8 corresponding to 2008, and R2 gives projected revenues if there is a decrease in the rate of growth of corporate sales over the period. Approximate the total reduction in revenue if corporate sales are actually closer to the model R2. Round your answer to three decimal places. Once again, use your calculator as much as you'd like for this one!

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...

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