Question

The projected worth (in millions of dollars) of a large company is modeled by the equation w = 206(1.1) t. The variable t represents the number of years since 2000. What is the projected annual percent of growth, and what should the company be worth in 2011? A. 10%; $534.31 million B. 11%; $646.52 million C. 10%; $587.74 million D. 11%; $226.60 million

Answer 1

Answer:

Hey There!! The Correct answer is: The equation is w = 241(1.06)t

And here variable t represents the number of years since 2000.

In 2001 means t=2001 -2000 = 1

So we plug 1 for t in the given expression , that is w = 241(1.06)1 = 241 * 1.06 = 255.46

Therefore in 2001, it should be worth to 255.46.

And in the given expression 1.06=1 +0.06, where 0.06 is the annual percent of growth that is 6 % .

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