Between 1995 and 2001, the revenue of Sears Roebuck and Co. can be modeled as billion dollars per year, where t is the number of years after 1995. Assume that the revenue can be reinvested at 5.0% compounded annually. How much is Sears' revenue invested since 1995 worth in 2003? Round your answer to the nearest $10 billion.
A) $270 billion
B) $330 billion
C) $880 billion
D) $130 billion
E) $400 billion

Question

Between 1995 and 2001, the revenue of Sears Roebuck and Co. can be modeled as  billion dollars per year, where t is the number of years after 1995. Assume that the revenue can be reinvested at 5.0% compounded annually. How much is Sears' revenue invested since 1995 worth in 2003? Round your answer to the nearest $10 billion.
A) $270 billion 
B) $330 billion 
C) $880 billion 
D) $130 billion 
E) $400 billion

Quizplus · Accepted Answer

The Answer of Between 1995 and 2001, the revenue of Sears Roebuck and Co. can be modeled as  billion dollars per year, where t is the number of years after 1995. Assume that the revenue can be reinvested at 5.0% compounded annually. How much is Sears' revenue invested since 1995 worth in 2003? Round your answer to the nearest $10 billion.
A) $270 billion 
B) $330 billion 
C) $880 billion 
D) $130 billion 
E) $400 billion

Between 1995 and 2001, the Revenue of Sears Roebuck and Co