Algebra-exponential functions

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It is estimated that the demand for a manufacturer's product is increasing exponentially at the rate of 2% per year. If the current demand is 5,000 units per year and if the price remains fixed at $400 per unit, how much revenue will the manufacturer receive from the sale of the product over the next 2 years?

Reference no: EM13119707

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Algebra-exponential functions : It is estimated that the demand for a manufacturer's product is increasing exponentially at the rate of 2% per year. If the current demand is 5,000 units per year and if the price remains fixed at $400 per unit

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