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QUESTION
It is estimated that the demand for a manufacturer's product is increasing exponentially at an instantaneous rate of 3% per year.
It is estimated that the demand for a manufacturer's product is increasing exponentially at an instantaneous rate of 3% per year. If the current demand is increasing by 8000 units per year and if the price remains fixed at $250 per unit, how much revenue will the manufacturer receive from the sale of the product over the next 3 years?
