The average profit a local store owner earns on a given day is \$590$590 and is growing exponentially at a rate of 89% per year. Write a function to represent profit after tt years, where the monthly 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 month, to the nearest hundredth of a percent.

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.7: A Library Of Parent Functions
Problem 47E
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The average profit a local store owner earns on a given day is \$590$590 and is growing exponentially at a rate of 89% per year. Write a function to represent profit after tt years, where the monthly 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 month, to the nearest hundredth of a percent.
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