A local fruit company recently released a new flavor of applesauce. By the end of the first year, profits on this product amounted to $34,000.00. The anticipated profits for the end of the fifth year is $106,000.00. Assume
that the rate of profit will remain constant over time, with P representing the profit and a representing the
number of years.
a) Write a linear function P(x) that expresses profit as a function of time. P(x)
34,000x
Х
b) Use the function in (a) to predict the company's profit at the end of the eighth. $
c) Use the function in (a) to predict when company's profit should reach $340,000.00.
years