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392% A company that makes mobile apps has profits $7000 in its first year. The CEO says that this wi triple each year over the next 5 years. a. Write an exponential function that represent this situation. b. In the fifth year after the CEO's statement, th company had a profit of 1.5 million dollars. Was the CEO's goal realized that year? Shot on OnePlus By VKJ

392% A company that makes mobile apps has profits $7000 in its first year. The CEO says that this wi triple each year over the next 5 years. a. Write an exponential function that represent this situation. b. In the fifth year after the CEO's statement, th company had a profit of 1.5 million dollars. Was the CEO's goal realized that year? Shot on OnePlus By VKJ

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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1 /4 392% · A company that makes mobile apps has profits $7000 in its first year. The CEO says that this wi triple each year over the next 5 years. a. Write an exponential function that represent this situation. b. In the fifth year after the CEO's statement, th company had a profit of 1.5 million dollars. Was the CEO's goal realized that year? Shot on OnePlus By VKJ
Transcribed Image Text:1 /4 392% · A company that makes mobile apps has profits $7000 in its first year. The CEO says that this wi triple each year over the next 5 years. a. Write an exponential function that represent this situation. b. In the fifth year after the CEO's statement, th company had a profit of 1.5 million dollars. Was the CEO's goal realized that year? Shot on OnePlus By VKJ
12. Determine the interest earned after 5 years in an account that had an initial investment of $25,000 at 3.5% interest, compounded daily. 13. Determine the balance after 10 years in an account that had an initial investment of $25,000 at 3.5% interest, compounded quarterly. 14. Determine the amount of money that needs to be invested at 6% compounded monthly, to have $20,000 in 15 years. acer Shot on OnePlus By VKJ
Transcribed Image Text:12. Determine the interest earned after 5 years in an account that had an initial investment of $25,000 at 3.5% interest, compounded daily. 13. Determine the balance after 10 years in an account that had an initial investment of $25,000 at 3.5% interest, compounded quarterly. 14. Determine the amount of money that needs to be invested at 6% compounded monthly, to have $20,000 in 15 years. acer Shot on OnePlus By VKJ
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