Use the following model for the annual revenue for Amazon: R(t) = 386.06(1.31)t t is the time in years since 2020 and R(t) is in billion dollars. a) Identify whether the function is linear or exponential. Briefly explain how you know based on the formula for R(t). b) Identify the constant percent rate. Explain in a sentence what this means about Amazon's revenue changing with respect to time. c) Calculate R(0) and explain what it means in terms of Amazon's revenue and time.
Use the following model for the annual revenue for Amazon: R(t) = 386.06(1.31)t t is the time in years since 2020 and R(t) is in billion dollars. a) Identify whether the function is linear or exponential. Briefly explain how you know based on the formula for R(t). b) Identify the constant percent rate. Explain in a sentence what this means about Amazon's revenue changing with respect to time. c) Calculate R(0) and explain what it means in terms of Amazon's revenue and time.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Use the following model for the annual revenue for Amazon:
R(t) = 386.06(1.31)t
t is the time in years since 2020 and R(t) is in billion dollars.
a) Identify whether the function is linear or exponential. Briefly explain how you know based on the formula for R(t).
b) Identify the constant percent rate. Explain in a sentence what this means about Amazon's revenue changing with respect to time.
c) Calculate R(0) and explain what it means in terms of Amazon's revenue and time.
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