The number of employees of a national company is given by N(t) = 60(1 .02)^{t} where N(t) is the number of employees in thousands,t years since 2005.

rocedwrp 2021-01-05 Answered
The number of employees of a national company is given by N(t)=60(1.02)t where N(t) is the number of employees in thousands,t years since 2005. What is the vertical intercept and what is the practical meaning of this intercept in this situation? A. (0,60), In 2005 there were 60 employees. B. (60,0), Initially there were 60 employees. C. (0,60), In 2005 there were 60,000 employees. D. (60,0), In 2005 there were 60,000 employees
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SkladanH
Answered 2021-01-06 Author has 80 answers

Step 1 The number of employees of a national company is given by N(t)=60(1.02)t where N(t) is the number of employees in thousands, t years since 2005. To determine the vertical intercept and practical meaning of this intercept.

Step 2 For the vertical intercept, t=0, N(0)=60(1.02)0=60×1=60 Therefore the vertical intercept is (0,60). It means that in 2005 there were 60 employees.

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