Question
A local fruit company recently released a new flavor of applesauce. By the end of the first year, profits on this product amounted to $36,000.00.
A local fruit company recently released a new flavor of applesauce. By the end of the first year, profits on this product amounted to $36,000.00. The anticipated profits for the end of the sixth year is $136,000.00. Assume that the rate of profit will remain constant over time, with P representing the profit and x representing the number of years. a) Write a linear function P(x) that expresses profit as a function of time. P(x)= b) Use the function in (a) to predict the company's profit at the end of the ninth. $ c) Use the function in (a) to predict when company's profit should reach $256,000.00. years
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