Revenue is projected to double each year for the first 5 years. if the revenue for first year is 2 million, write a function for revenue R after x years.

Expert Answers

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Since the revenue is going to double every year, and started at $2000000 in the first year, then after the second year, it is 2 times 2 million, after the third year it is 2 times 2 times 2 million and so on, which means that after x years, it is

`R=2000000 times 2^{x-1}`  which simplifies to 

`=1000000(2^x)`

The revenue after x years is `R=1000000(2)^x` .

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