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Revenues of software publishers in the United States for the years $2004-2007$ can be modeled by the function defined by$$S(x)=112,047 e^{0.0827 x}$$where $x=0$ represents $2004, x=1$ represents $2005,$ and so on, and $S(x)$ is in millions of dollars. Approximate, to the nearest unit, consumer expenditures for $2007 .$ (Source: U.S. Census Bureau.)
\$143,598 million
Algebra
Chapter 12
Inverse, Exponential, and Logarithmic Functions
Section 6
Exponential and Logarithmic Equations; Further Applications
Functions
Exponential and Logarithmic Functions
University of Michigan - Ann Arbor
Idaho State University
Lectures
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Okay, so we want to approximate. Uh, didn't news unit cost? Consumer exponential is for 2000 and seven. So that is our X is equal to 2007 and are starting value when x is equal to zero is 1000 for so that means our X value is a three. So we want to find s tolerated at three. So let's just put that into our equation of a bluff. So 112047 you to the part of 0.827 times three gives us a 143598.10
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