Final = 500 × 2.44140625 = <<500*2.44140625=1220.703125>>1220.703125 GW
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- Use compound growth: Final = Initial × (1 + r)^t
- r = 25% = 0.25, t = 4 years
- Final = 500 × (1.25)^4
- #### 1220.703125
- A patent attorney negotiates royalties on a tech patent: the inventor receives $3 per unit sold for the first 100,000 units, then $4.50 per unit thereafter. If 145,000 units are sold, how much royalty does the inventor earn?
- First 100,000 units: 100,000 × $3 = $<<100000*3=300000>>300,000
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