In 1992, a software company had a profit of 3,000,000. In 1998, the company had a profit of 21,000,000. Find the average rate of change of the company's profit per year.

Question

Mathematics

Rosemary Parsons

12 April, 08:10

In 1992, a software company had a profit of 3,000,000. In 1998, the company had a profit of 21,000,000. Find the average rate of change of the company's profit per year.

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Dharma · Answer 1

Profit then 30M. Profit later, 210M.

Change in profit is obviously 180M, right?

OK, so that change is over how many years? 1992 to 1998 - 6 years.

Profit changed by 180,000,000 over 6 years, so on average it changed $180,000,000 / 6 per year.