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Annual net sales. Green Mountain Coffee Roasters produces many varieties of flavored coffees, teas, and K-cups. Since 2008, the net sales S of the company have grown exponentially at the rate of 46.3% per year. The grown can be approximated by
where t is the number of years since 2008. (Source: Green Mountain Coffee Roasters financial statements.)
a. Find the function that satisfies the equation, given that net sales in 2008
b. Estimate net sales in 2012 and 2016.
c. What is the doubling time for
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Calculus and Its Applications (11th Edition)
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