Algebra and Trigonometry 10th Edition

Published by Cengage Learning
ISBN 10: 9781337271172
ISBN 13: 978-1-33727-117-2

Chapter 1 - Review Exercises - Page 153: 41

Answer

$2013$: $\$1.53$ billion $2014$: $\$2.22$ billion

Work Step by Step

Let $x$ be the revenue in year 2013 and $x(1+0.452)$ be the revenue in year 2014. The sum is: $$x+x(1+0.452)=3.75$$ $$x+1.452x=3.75$$ $$2.452x=3.75$$ $$x=\frac{3.75}{2.452}=1.53$$ $$x(1+0.452)=1.53(1+0.452)=2.22$$ Thus, the revenue in 2013 is $\$1.53$ billion and in year 2014 is $\$2.22$ billion.
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