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Answer :
To find out how much money the company made selling 2.3 million new cars with an average price of [tex]$21,000 per car, follow these steps:
1. Identify the Number of Cars Sold: The company sold 2.3 million cars. In scientific notation, this is written as \(2.3 \times 10^6\).
2. Find the Average Price Per Car: Each car was sold for an average of $[/tex]21,000.
3. Calculate the Total Revenue: Multiply the number of cars sold by the average price per car to find the total revenue.
[tex]\[
\text{Total Revenue} = 2.3 \times 10^6 \text{ cars} \times 21,000 \text{ dollars/car}
\][/tex]
4. Convert to Scientific Notation: After performing the multiplication, the calculated total revenue is [tex]$48,300,000,000. In scientific notation, this amount is expressed as \(4.83 \times 10^{10}\).
Therefore, the company made $[/tex]4.83 \times 10^{10}[tex]$ dollars that year, which is $[/tex]48.3 billion.
1. Identify the Number of Cars Sold: The company sold 2.3 million cars. In scientific notation, this is written as \(2.3 \times 10^6\).
2. Find the Average Price Per Car: Each car was sold for an average of $[/tex]21,000.
3. Calculate the Total Revenue: Multiply the number of cars sold by the average price per car to find the total revenue.
[tex]\[
\text{Total Revenue} = 2.3 \times 10^6 \text{ cars} \times 21,000 \text{ dollars/car}
\][/tex]
4. Convert to Scientific Notation: After performing the multiplication, the calculated total revenue is [tex]$48,300,000,000. In scientific notation, this amount is expressed as \(4.83 \times 10^{10}\).
Therefore, the company made $[/tex]4.83 \times 10^{10}[tex]$ dollars that year, which is $[/tex]48.3 billion.
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