Kevin T.

asked • 11/10/14

(Business) Calculus experts please help! Problem haunting me all day!

The following problem has been disheartening me the entire day. It is one of the few things in all my time being introduced new concepts in any of my mathematics class where I have 0% idea how to do. Please help!
 
"The revenue R(x) in millions of dollars of a department store starting this year is projected by
 
R(x) = 1548e^0.0617x
 
Where x is the number of years from now. At what rate will the revenue be changing 6 years from now? Show all work."

2 Answers By Expert Tutors

By:

Evan H. answered • 11/10/14

Tutor
4.8 (10)

Tutor for Math, Chem, Physics, and Computer Science!

Kevin T.

Thanks! So the revenue will change by 138.03 within 6 years?
Report

11/10/14

Kevin T.

138.303*
Report

11/10/14

Evan H.

It will be changing by that much at the end of that year. It could have, and would have, changed by more since the beginning because it is changing every year right?
Report

11/10/14

Evan H.

But the good news, that companies revenue is exponential. Hopefully their cost function isn't :p
Report

11/10/14

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.