ReesaLight15
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The amount of money spent at West Outlet Mall continues to increase. The total T(x) in millions of dollars can be estimated by the function T(x) = 12(1.12)x, where x is the number of years after it opened in 1995. Estimate the amount of sales in 2005.

  1. $57.72 million

2.$37.27 million

3.$19.23 million

4.$21.12 million

Verified Answer :

2 is the answer because you have to multiply the x times the [t]

profantoniofonte

Answer:

US$37.27 million

Step-by-step explanation:

Hi there, In this function which should be better rewritten as

@@MATH_TOKEN_0@@

We can see that it projects sales growth per year of 12%.

So let's plug in the values for this function estimating the sales 10 years later growing 12% per year, i.e. in 2005.

@@MATH_TOKEN_1@@

T(10)≈US$37.27 million

So that's the estimation for the sales in 2005.

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