Sales of the Text "Calculus and You" Have Been Declining

question 14

Multiple Choice

Sales of the text "Calculus and You" have been declining continuously at an annual rate of 6%. Assuming that "Calculus and You" currently sell 6,000 copies per year and that sales will continue this pattern of decline, calculate total future sales of the text. Use the formula for continuously compounded interest with a negative rate.

• A)2,500,000 copies
• B)600,000 copies
• C)100,000 copies
• D)1,000,000 copies
• E)5,000,000 copies

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Definitions:

Written Agreement

A formalized contract between parties that is expressed in written form and signed to evidence the agreement.

Oral Agrees

Informal verbal agreements which may be legally binding if they meet certain criteria, despite the lack of written documentation, often depending on the context and jurisdiction.

One Year

One year denotes a period of time consisting of 12 consecutive months.

No Writing

A legal situation where an agreement or contract was verbally made without any documented evidence or formal writing.