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The average profit a local store owner earns on a given day is $810 and is growing exponentially at a rate of 69% per year. Write a function to represent profit after t years, where the daily rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per day, to the nearest hundredth of a percent.

The average profit a local store owner earns on a given day is $810 and is growing exponentially at a rate of 69% per year. Write a function to represent profit after t years, where the daily rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per day, to the nearest hundredth of a percent.

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.2: Polynomial Functions
Problem 83E
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The average profit a local store owner earns on a given day is $810 and is growing exponentially at a rate of 69% per year. Write a function to represent profit after t years, where the daily rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per day, to the nearest hundredth of a percent. Function: f(t) Growth Submit Answer - % increase per day
Transcribed Image Text:The average profit a local store owner earns on a given day is $810 and is growing exponentially at a rate of 69% per year. Write a function to represent profit after t years, where the daily rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per day, to the nearest hundredth of a percent. Function: f(t) Growth Submit Answer - % increase per day
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