The revenue of a technology company, in thousands of dollars, can be modeled with an exponential function whose starting value is $395,000 where time t is measured in years after 2010. Which function predicts exactly 1.2% of annual growth: R(t) = 395 · e(0.0124) or S (t) = 395 · (1.012)' ? Explain your reasoning.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The revenue of a technology company, in thousands of dollars, can be modeled with an exponential
function whose starting value is $395,000 where time t is measured in years after 2010.
Which function predicts exactly 1.2% of annual growth:
R(t) = 395 · e(0.0124) or S (t) = 395 · (1.012)' ? Explain your reasoning.
Transcribed Image Text:The revenue of a technology company, in thousands of dollars, can be modeled with an exponential function whose starting value is $395,000 where time t is measured in years after 2010. Which function predicts exactly 1.2% of annual growth: R(t) = 395 · e(0.0124) or S (t) = 395 · (1.012)' ? Explain your reasoning.
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