On May 18, 2010, a company reported that it had a net profit of $15.1 million, which represented an increase of 206.3% for 12-month period ending on March 31, 2010.

Estimate the net profit for the previous year ending on March 31, 2009 by creating an exponential growth equation using
P(t)= profit in millions
t= time in years since March 31, 2010

1 answer

P(t) = 15.1*2.06^t

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