Revenue Equation .  A small business predicts its revenue growth by a straight-line method with a slope of $40,000 per year.  This graph describes the relationship between revenues R and the number of years T since it opened for business. In its fifth year, it had revenues of $600,000. Find a function that describes the relationship between revenues Rand the number of years T since it opened for business.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

:  Revenue Equation .  A small business predicts its revenue growth by a straight-line method with a slope of $40,000 per year.  This graph describes the relationship between revenues R and the number of years T since it opened for business.

  1. In its fifth year, it had revenues of $600,000. Find a function that describes the relationship between revenues Rand the number of years T since it opened for business.

 

-1
TR ($1000)
6000
300+
01
+
+
2 3
4
5
6
7
+
8
t (years)
9
Transcribed Image Text:-1 TR ($1000) 6000 300+ 01 + + 2 3 4 5 6 7 + 8 t (years) 9
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,