Suppose that the sales at Borders bookstores went from 6868 million dollars in 1992 to 402 million dollars in 1994. Find an exponential function to model the sales (in millions of dollars) as a function of years, tt, since 1992. sales = What is the continuous percent growth rate, per year, of sales? continuous growth rate =

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 1SE: Explain why the values of an increasing exponentialfunction will eventually overtake the valuesof...
icon
Related questions
Question

Suppose that the sales at Borders bookstores went from 6868 million dollars in 1992 to 402 million dollars in 1994. Find an exponential function to model the sales (in millions of dollars) as a function of years, tt, since 1992.
sales =

What is the continuous percent growth rate, per year, of sales?
continuous growth rate =

 

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill