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Homework Help Forum: maths
Posted by regina on Saturday, October 3, 2009 at 3:42pm.
in 1992, a software company had a profit of $30,000,000. in 1998, the company had a profit of $210,000,000. find the average rate of change of the company's proft in dollars per year.
I have no idea how to this. please explain step-by-step.. thnxx
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- maths - jim, Saturday, October 3, 2009 at 4:55pm
Profit then 30M. Profit later, 210M.
Change in profit is obviously 180M, right?
OK, so that change is over how many years? 1992 to 1998 - 6 years.
Profit changed by 180,000,000 over 6 years, so on average it changed $180,000,000 / 6 per year.
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