Find formulas which model prodfit realized by every company


In year 2000, the profit, P1(t) realized for that year by Aura Lite Co. was $800,000 and growing by $10,000 per year. In that same year, profit, P2(t), realized by Brite Lite Co. was $700,000 and increasing at rate of 3.25% per year. Lets suppose this trend would continue until 2020. A) Find formulas which model prodfit realized by every company where t is number of years since 2000. B) What profit each company realized in 2005?

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Mathematics: Find formulas which model prodfit realized by every company
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