anonymous
  • anonymous
so revenue between 1987 and 1989 is modeled by f(x)=97(1.5)^x millions of $ x years after 1987. how do i find rate of revenue and actual revenue for 1990?
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
*rate of change of revenue
anonymous
  • anonymous
1990 is three years after 1987. So, f(x)=97(1.5^3) 327.37500 million Rate of change would be derivative with respect to X.
anonymous
  • anonymous
I see! but then what would the percent rate of change be?

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anonymous
  • anonymous
the rate of change would be d/dx = 97*x*1.5^x-1. then I believe you take the value where x=3 and divide it by the revenue at that point (already given above)

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