GROWTH AND DECAY 1. 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? Note: This is Growth/Decay, just think of money as population. Ans: 281124.32

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
GROWTH AND DECAY
1. 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? Note: This is Growth/Decay, just think of money as population. Ans: 281124.32
Transcribed Image Text:GROWTH AND DECAY 1. 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? Note: This is Growth/Decay, just think of money as population. Ans: 281124.32
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Time value of money
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Structural Analysis
Structural Analysis
Civil Engineering
ISBN:
9781337630931
Author:
KASSIMALI, Aslam.
Publisher:
Cengage,
Structural Analysis (10th Edition)
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Fundamentals of Structural Analysis
Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education
Sustainable Energy
Sustainable Energy
Civil Engineering
ISBN:
9781337551663
Author:
DUNLAP, Richard A.
Publisher:
Cengage,
Traffic and Highway Engineering
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning