+216 Question Part Points Submissions Used In 2000 mobile handset sales totaled $414.99 million. In 2005 the total was $778.75 million. Let M = M(t) denote total mobile handset sales in year t. What was the average rate of change per year in M(t) from 2000 to 2005? (Round your answer to two decimal places.)
2005 - 2000 =5 years
[$778.75/$414.99]^1/5 =1.13415414...... - 1 x 100 =13.42% average annual rate of change compounded annually.
+36916 ($ 778.75 mil - 414.99 mil)/ 5 yr = 72.70 million per year (rounded)
+36916 ($ 778.75 mil - 414.99 mil)/ 5 yr = 72.75 million per year
Sorry for the typo in my previous answer
Now....if you know what the answer is, why are you asking questions??????
