(All Steps) Cost, Revenue, and Profit: The revenue from a manufacturing process (in millions of dollars per year) is projected to follow the model R=100+0.08


Question: Cost, Revenue, and Profit: The revenue from a manufacturing process (in millions of dollars per year) is projected to follow the model \(R=100+0.08 t\) for 10 years, where t is the time (in years). Over the same period of time, the cost (in millions of dollars per year) is projected to follow the model \(C=60+0.2 t^{2}\). Approximate the profit over the 10-year period.

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