SOLUTION: Exponential Models: In a civil case a large company has a judgement made against it. The magistrate states that the penalty is $1 million, to be paid on July 01 2017 and then inc

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Question 1096699: Exponential Models: In a civil case a large company has a judgement made against it.
The magistrate states that the penalty is $1 million, to be paid on July 01 2017 and then increases by $10 million each day thereafter.
Express as a formula, the amount Penalty as a function of time t , where t is the
number of days after July 01 2017.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
In millions of dollars, it is 1+10t, where t is the number of days after 1 July 2017.