Annual net sales. Green Mountain Coffee Roasters produces many varieties of flavored
Chapter 3, Problem 12(choose chapter or problem)
Annual net sales. Green Mountain Coffee Roasters produces many varieties of flavored coffees, teas, and K-cups. The net sales S of the company have grown exponentially at the rate of 36.1% per year, and the growth can be approximated by where t is the number of years since 2004. (Source: Green Mountain Coffee Roasters financial statements.) a) Find the function that satisfies the equation, given that net sales in 2004 were approximately $120,400. b) Estimate net sales in 2006, 2008, and 2015. c) What is the doubling time for S(t)?
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