The revenue (in dollars per year) for a new product is modeled by $R = 10,000 \left[ 1 - \frac { 1 } { \left( 1 + 0.1 ^ { 2 } \right) ^ { 1 / 2 } } \right]$ where t the time in years. Estimate the total revenue from sales of the product over its first 4 years on the market. Round your answer to nearest dollar
A)$10,821
B)$6579
C)$15,830
D)$1138
E)$3291

Question

Quizplus · Accepted Answer

The Answer of The revenue (in dollars per year) for a new product is modeled by $R = 10,000 \left[ 1 - \frac { 1 } { \left( 1 + 0.1 ^ { 2 } \right) ^ { 1 / 2 } } \right]$ where t the time in years. Estimate the total revenue from sales of the product over its first 4 years on the market. Round your answer to nearest dollar
A)$10,821
B)$6579
C)$15,830
D)$1138
E)$3291

The Revenue (In Dollars Per Year) for a New Product R=10,000[1−1(1+0.12)1/2]R = 10,000 \left[ 1 - \frac { 1 } { \left( 1 + 0.1 ^ { 2 } \right) ^ { 1 / 2 } } \right]R=10,000[1−(1+0.12)1/21​]

The Revenue (In Dollars Per Year) for a New Product $R = 10,000 \left[ 1 - \frac { 1 } { \left( 1 + 0.1 ^ { 2 } \right) ^ { 1 / 2 } } \right]$