Problema Solution
A new coffee shop projects that it's annual profit, p(t), in thousands of dollars, over the first 6 years in business can be approximated by the function p(t)=0.3t^2+5.3t-9 where t is measured in years. Estimate the profit(or loss) of the coffee shop after the first year.
Answer provided by our tutors
The profit of first year is
0.3(1*1)+5.3(1)-9
Which comes out to be
0.3+5.3-9
That is 3.4(loss)