Asked by marlyn

because of a slump in the economy, a company finds thatr its annual revenue have dropped from $724,000 in 2006 to $632,000 in 2008. if the revenue is following an exponential ppattern of decline, what is the expected revenue for 2009? (Let t=0 represent 2006.)
Answered by bobpursley
revenue=last year*e^kt

solve for k (given t=2, and the figures above.

k2=ln(632/724)

I get k to be-.0680

Now solve for 2009
revenue=reventue2006 * e^(-.0680t) where t is three years.
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