The annual revenue earned by Target for fiscal years 1998 through 2006 can be approximated by billion dollars per year where t is time in years ( represents the beginning of fiscal year 2000) . Suppose that, from fiscal year 1998 on, Target invested its revenue in an investment that depreciated continuously at a rate of 5% per year. What, to the nearest $10 billion, would the total value of Target's revenue have been by the end of fiscal year 2004
A) Total revenue 40 billion dollars
B) Total revenue 220 billion dollars
C) Total revenue 2,200 billion dollars
D) Total revenue 110 billion dollars
E) Total revenue 20 billion dollars
Correct Answer:
Verified
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