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July 30, 2015

Homework Help: Calculus

Posted by Brooke on Wednesday, December 1, 2010 at 1:47am.

Company QRS generated a net profit between 1992 and 1997 at a rate approximated by 20 t + 264.5 million dollars per year, where t is the time in years since 1992. Find the value, in 1992, of QRS's net profit over the 5-year period from 1992 to 1997. Assume that the interest rate is 2%, compounded continuously and round your answer to two decimal places.

Value: $ million

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