A fruit company recently released a new applesauce. By the end of its first year, profits on this product amounted to $39,200. The anticipated profit for the end of the fourth year is $76,400. The ratio of change in time to
change in profit is constant. Let x be years and y be profit.
a. Write a linear equation y that expresses profit in terms of x.
b. Use this equation to predict the company's profit at the end of the seventh year.
c. Predict when the profit should reach $88,800.