How many years are net incomes equal


Net income of Apex Company (A) was $240 million in 2000 and has been rising exponentially at the annual rate of 10% per year. Net income for Best Corporation (B) was $400 million in 2000 and has also been rising exponentially at the annual rate of 1% per year. How many years t after 2000 (that is, relative year t=0 corresponds to calendar year 2000), are net incomes equal? Find out time t to two decimal places. For both use exponential function form f(t)=a(b^t).

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Mathematics: How many years are net incomes equal
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