Question

In 1990, the profit of the Gamma company was $11.900,848. Each year after 1990profits fell by \$48,263 on average Construct a linear model for this scenario and use it to solve for the profits in the year 2020. Round your answer to a whole dollar

Answer 1

$10452958

Explanation:

Initial profit = $11900848

Fall rate= $48263 per year

Equation:

• P(x)= 11900848 - (x-1990)*48263,

where P(x)= profit at year of x, and 1990<x<2020

• P(2020)= 11900848- 30*48263= $10452958