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Using this equation, what would the company's approximate annual income be in the year 2009?

Using this equation, what would the company's approximate annual income be in the-example-1
User Supernovah
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In order to determine the annual income for the year 2009, replace x by 8 (because number of years is counted form 2001, from x=0) into the given equation and simplify, as follow:


y=60,000(1.2)^8\approx258,000

Hence, for year 2009 the annual income could be approximately $258,000

User Lsaffie
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