a) A slow economy caused a company's annual revenues to drop from $530, 000 in 2008 to $386,000 in 2010. If the revenue is following an exponential pattern of decline, what is the expected revenue in 2012?
a) A slow economy caused a company's annual revenues to drop from $530, 000 in 2008 to $386,000 in 2010. If the revenue is following an exponential pattern of decline, what is the expected revenue in 2012?
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 46P
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![Part 2. Solve the following.
a) A slow economy caused a company's annual revenues to drop from $530, 000 in 2008 to
$386,000 in 2010. If the revenue is following an exponential pattern of decline, what is the
expected revenue in 2012?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6294f0c6-ebe3-4452-bfff-ae01801e30e5%2F308b0e99-826d-41a4-b553-930140b3d947%2Fedhr8h9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Part 2. Solve the following.
a) A slow economy caused a company's annual revenues to drop from $530, 000 in 2008 to
$386,000 in 2010. If the revenue is following an exponential pattern of decline, what is the
expected revenue in 2012?
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