Concept explainers
Business: exponential growth. Frieda’s Frozen Yogurt is experiencing growth of 10% per year in the number, N, of franchises it owns; that is,
a. Given that there were 8000 franchises in 2011, find the solution of the equation, assuming that
b. Predict the number of franchises in 2019.
c. What is doubling time for the number of franchises?
Want to see the full answer?
Check out a sample textbook solutionChapter CR Solutions
Calculus and Its Applications (11th Edition)
Additional Math Textbook Solutions
Thomas' Calculus: Early Transcendentals (14th Edition)
Calculus & Its Applications (14th Edition)
Single Variable Calculus: Early Transcendentals (2nd Edition) - Standalone book
- Hector invests $10,000 at age 21. He hopes the investments will be worth when he turns 50. If the interest compounds continuously, approximately what rate of growth Will he need to achieve his goal?arrow_forwardFind an exponential equation that passes throughthe points (0,4) and (2,9).arrow_forwardThe population P (in millions) of Texas from 2001 through 2014 can be approximated by the model P=20.913e0.0184t, where t represents the year, with t=1 corresponding to 2001. According to this model, when will the population reach 32 million?arrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillAlgebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning