SOLUTION: Sales or portable MP3 players grew approximately exponentially from $0.09 billion in 200 to $1.26 billion in 2004. Predict the sales of MP3 players in 2008.

Question 1159618: Sales or portable MP3 players grew approximately exponentially from $0.09 billion in 200 to $1.26 billion in 2004. Predict the sales of MP3 players in 2008.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
Let 2000=0 and 2004=4
A=Aob^t, and Ao=0.09
1.26=0.09*b^4
14=b^4
b=1.934
in 2008, A=0.09*1.934^8=$17.615 billion

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