The annual revenue earned by Wal-Mart in the fiscal years ending January 31, 1994 to January 31, 2003 can be approximated by billion dollars per year
where
is time in years
represents January 31, 2000) . Suppose that, from January 1999 on, Wal-Mart invested its revenue in an investment that depreciated continuously at a rate of 4% per year. What, to the nearest $10 billion, would the total value of Wal-Mart s revenues have been by the end of January 2003?
A)
B)
C)
D)
E)
Correct Answer:
Verified
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