After studying gross revenues of PQR Production Company over a 25-year period, you model the company’s revenue as a function of time:
After studying gross revenues of PQR Production Company over a 25-year period, you model the company’s revenue as a function of time:
R(t)=471.621×(1.063)t
where R is in thousands of dollars and t is the years since 1990. Create the following C functions to implement this model:
annual_revenue calculates and returns R for an input parameter of t.
predict_year predicts the year in which revenues (in thousands) will first equal or exceed the value of the input parameter. For example, predict_year(450) would return 1990.
Write a main function that calls predict_year to determine when revenues will likely exceed $1 billion. Then create an output file that contains a table of estimated revenues (in thousands of dollars) for all the years from 1990 through the year when revenues should exceed $1 billion. Round revenue estimates to three decimal places.
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