# Calculus

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

1. 👍 0
2. 👎 0
3. 👁 325

## Similar Questions

1. ### Calculus

Match: A. r(1997)−r(1992) B. ∫19921997r′(t)dt C. r(1997) D. ∫19921997r(t)dt E. [ r(1997)−r(1992)/1997−1992] and interpretations: A. Average rate of change of the debt rate between 1992 and 1997 B. Change in debt rate

asked by Lena on November 15, 2010
2. ### maths

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

asked by regina on October 3, 2009
3. ### algebra

In 1990, a company had a profit of \$1.3 million. In 1992, the company had a profit of \$1.2 million. Write a linear equation giving the profit P, in millions of dollars, in terms of the year, t. Let t=0 represent 1990.

asked by Kim on June 10, 2008
4. ### Accounting

If the net income is \$50000, and the cost of goods sold is \$450000. the company's gross profit rate is 40% what are the net sales??

asked by Bree on July 19, 2014
5. ### Calculus

The rate of growth of the profit is approximated by P'(x)=xe^(-x^2) where x represents time measured in years. The total profit in the third year that the new technology is in operation is \$10,000. 1.Find the total profit function

asked by Sarah on April 11, 2010
6. ### Calculus

The rate of growth of the profit is approximated by P'(x)=xe^(-x^2) where x represents time measured in years. The total profit in the third year that the new technology is in operation is \$10,000. 1.Find the total profit function

asked by Sarah on April 11, 2010
7. ### Calculus

The rate of growth of the profit is approximated by P'(x)=xe^(-x^2) where x represents time measured in years. The total profit in the third year that the new technology is in operation is \$10,000. 1.Find the total profit function

asked by Sarah on April 11, 2010
8. ### Calculus

The rate of growth of the profit (in millions of dollars) from a new technology is approximated by P'(x)=xe^(-x^2) Where x represents time measured in years. The total profit in the thrid year that the new technology is in

asked by Liz on December 4, 2006
9. ### INB

Last year Rattner Robotics had \$5 million in operating income (EBIT). The company had net depreciation expense of \$1 million and interest expense of \$1 million; its corporate tax rate was 40 percent. The company has \$14 million in

asked by baby on July 29, 2007
10. ### financial management

Last year Rattner Robotics had \$5 million in operating income (EBIT). The company had net depreciation expense of \$1 million and interest expense of \$1 million; its corporate tax rate was 40 percent. The company has \$14 million in

asked by marie on November 9, 2007

More Similar Questions