Answer:
2022
9 million
Step-by-step explanation:
[tex]p(x) =-x^2 + 4x + 5[/tex]
To find the value of x when the maximum profit occurs, differentiate the function:
[tex]\implies p'(x)=-2x+4[/tex]
set it to zero and solve for x:
[tex]\implies p'(x)=0[/tex]
[tex]\implies -2x+4=0[/tex]
[tex]\implies x=2[/tex]
Therefore, the year in which the company had its largest profit was
2020 + 2 = 2022
Input found value of x into the function:
[tex]p(2) =-(2)^2 + 4(2) + 5=9[/tex]
Therefore, the amount was 9 million