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
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.
To find the average rate of change of the company's profit in dollars per year, you need to calculate the difference in profit over the given time period and divide it by the number of years.
Step 1: Identify the initial year and profit. In this case, the initial year is 1992, and the profit is $30,000,000.
Step 2: Identify the final year and profit. In this case, the final year is 1998, and the profit is $210,000,000.
Step 3: Calculate the difference in profit. Subtract the initial profit from the final profit: $210,000,000 - $30,000,000 = $180,000,000.
Step 4: Calculate the number of years. Subtract the initial year from the final year: 1998 - 1992 = 6 years.
Step 5: Divide the difference in profit by the number of years. $180,000,000 ÷ 6 = $30,000,000.
Therefore, the average rate of change of the company's profit in dollars per year is $30,000,000.