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Mathematics 15 Online
OpenStudy (anonymous):

Company QRS generated a net profit between 1992 and 1997 at a rate approximated by 21.5t+250.5 million dollars per year, where t is the time in years since 1992. Find the value, in 1992, of QRS's net profit over the 5-year period from 1992 to 1997. Assume that the interest rate is 3%, compounded continuously and round your answer to two decimal places.

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