Mathematics, 20.01.2022 08:30 MayFlowers
A company's profit, currently $58,000, grows at the rate of 5% per year. The amount P after t years can be expressed by the exponential equation
P = 58000(1 + 0.05)t. Identify the number of years it will take for the profit to exceed $80,000.
A) 5
B) 6
C) 4
D) 7
Answers: 2
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A company's profit, currently $58,000, grows at the rate of 5% per year. The amount P after t years...
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