The table below shows a company's annual income over a 6-year period. The equation y=60000(1.2)^x describes the curve of best fit for the company's annual income (y). Let x represent the number of years since 2001.
Annual Income
Year Income
2001 $58,900
2002 $72,400
2003 $86,500
2004 $103,400
2005 $124,400
2006 $150,000
Using this equation, what would the company's approximate annual income be in the year 2011?
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Answer:
$258,000
Step-by-step explanation:
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