(1 point) This problem is similar to one in your textbook.
Company QRS generated a net profit between 1992 and 1997 at a rate approximated by 27.5t+295 million dollars per year, where t is the time in years since 1992. Find the value, in 1992, of QRS's net profit over the 5-year period from 1992 to 1997. Assume that the interest rate is 2.25%, compounded continuously and round your answer to two decimal places.
3 answers
1714.081521908298
Hmmm. I'm trying to pick between
5
∑(27.5t+295)*e^(.0225t) = 2026.95
t=1
∫[1,5] (27.5t+295)*e^(.0225t) dt = 1468.39
I'd be interested in seeing how you arrived at your answer. Maybe I'm wrong.
5
∑(27.5t+295)*e^(.0225t) = 2026.95
t=1
∫[1,5] (27.5t+295)*e^(.0225t) dt = 1468.39
I'd be interested in seeing how you arrived at your answer. Maybe I'm wrong.
Or maybe it's
∫[0,5] (27.5t+295)*e^(.0225t) dt = 1931.82
∫[0,5] (27.5t+295)*e^(.0225t) dt = 1931.82
1 answer