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April 1, 2015

Homework Help: math 242

Posted by tim on Friday, January 27, 2012 at 8:49pm.

It is estimated that the demand for a manufacturer's product is increasing exponentially at an instantaneous rate of 7% per year. If the current demand is increasing by 7000 units per year and if the price remains fixed at $100 per unit, how much revenue will the manufacturer receive from the sale of the product over the next 4 years?

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