Question

The projected worth (in millions of dollars) of a large company is modeled by the equation w = 236(1.06) t. The variable t represents the number of years since 2000. What is the projected annual percent of growth, and what should the company be worth in 2011?

Answer 1

$448 million

Explanation:

When it is 2011, t=11, so

`w=236(1.06)^(11) \approx 448`