Since 2008, the net sales S of a coffee company have grown exponentially at the rate of 46.3% per year. This growth can be modeled by dSdt=0.463S, and the function S satisfying this equation is S=500000e0.463t. How many years will it take for the net sales to double? (Round to three decimal places, and don't include units)

1.497

Step-by-step explanation:

If net sales are given by the function:

The initial net sales, at t = 0 are:

In order for sales to double, then S(t) must be equal to 1,000,000. The time 't', in years, required for sales to double is:

It will take 1.497 years for net sales to double.

1.497 years

Step-by-step explanation:

In 2008, t = 0

When sales are doubled, S = 1000000

Therefore, sales will double in 1.497 years

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explanation:

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step-by-step explanation: