Solve the Problem $$y = 270 ( 2.7 ) ^ { 0.07 t }$$

question 173

Multiple Choice

Solve the problem.
-The rabbit population in a forest area grows at the rate of 7% monthly. If there are 270 rabbits in September, find how many rabbits (rounded to the nearest whole number) should be expected by next September. Use $$y = 270 ( 2.7 ) ^ { 0.07 t }$$

• A) 635
• B) 609
• C) 622
• D) 612

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Definitions:

Break-even Point

is the level of sales at which total revenue equals total costs, resulting in neither profit nor loss for the business.

Variable Expenses

Expenses that change in proportion with the level of business activity or output.

Selling Price

The amount of money charged for a product or service, which may include costs of production, distribution, and a markup for profit.

Contribution Margin

Contribution margin represents the amount by which sales revenue exceeds variable costs, indicating how much revenue is contributing to covering fixed costs and generating profit.