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Setler [38]
4 years ago
7

Suppose the function y = 30,000(1.06)x models the annual profit for a small business x years after 2000. Find the profit at the

end of 2011.
Mathematics
1 answer:
goldfiish [28.3K]4 years ago
4 0
From 2000 to 2011, there are 11 years. From the given function, we can calculate the profit for a small business at the end of 2011 by substituting 11 to the x of the given equation. 
                                         y = (30,000)(1.06)(11)
                                         y = 349,800
Thus, the profit at the end of 2011 is approximately $349,800. 
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