If P(t) denotes the population at time t and A(t) denotes the average annual income,then T(t)=P(t)A(t) is the total personal income. In this exercise,we estimate the rate at which the total personal income is rising in a town in Colorado. In 2015,the population of this city wad 107,250,and the population was increasing by roughly 1,950 people per year. The average annual income was $60,250 per capita,and this average was increasing at abou6 $2,500 per year(a little above the national average of about 1,810 yearly) Use the Product Rule and these figures to estimate the rate at which total personal income was rising (in millions of dollars per year) in the city in 2015.

17. [2/3 Points] DETAILS PREVIOUS ANSWERS SCALCET9 3.2.059. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER If P(t) denotes the population at time t and A(t) denotes the average annual income, then T(t) - A(r)4(t) is the total personal income. In this exercise, we estimate the rate at which the total personal income is rising in a town in Colorado, in 2015, the population of this city was 107,250, and the population was increasing by roughly 1,950 people per year. The average annual income was $60,250 per capita, and this average was increasing at about $2,500 per year (a little above the national average of about $1,810 yearly; Lise the Product Rule and these figures to estimate the rate at which total personal income was rising (in millions of dollars per year) in the city in 2015. (Round your answer to the nearest whole number.] $ 365.612,500 | X million per year Explain the meaning of each term in the Product Rule