7. The basic pay categories, hourly rates of pay and the number of
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Answer:
The function is
Step-by-step explanation:
From the question we are told that
The rate of growth is
The total profit is $25,000
The time taken to make the profit is
From the question
is the rate of growth
Now here x represent the time taken
Now the total profit is mathematically represented as
So using substitution method
We have that
So
recall
and let
At x = 2 years
$25,000
So
Since the profit rate is in million
$25,000 =
$0.025 millon dollars
So
=>
So the profit function becomes