Question

The projected worth (in millions of dollars) of a large company is modeled by the equation w = 221(1.06) t. The variable t represents the number of years since 2000. What is the projected annual percent of growth, and what should the company be worth in 2009?

Answer 1

Answer:

Step-by-step explanation:

Well the percent of growth is 6%

The reason is because when we look at a exponential function, if the number in the percent is more than 1 subtract the number from 1 and multiply it by 100 thats your percent

Now to find the company's value in 2009 or 9 years after 2000

we just replace the variable representing time "t" for 9

221(1.06^9)= 373.37484994

the value of the company in 9 years is 373.37484994  (in million dollars)

the percentage of annual growth is 6%

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