A company has plans to increase its sales at the rate of 8% per year. If the sales of the company in 2001 were $5 million, how much sales can you expect the company to make in the year 2003?

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A company has plans to increase its sales at the rate of 8% per year. If the sales of the company in 2001 were $5 million, how much sales can you expect the company to make in the year 2003?

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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2003-2001=2 years A=5(1+0.08)^2=6.29856 round: 6.3 Million
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but i got a different answer i got 5830000
Here is the equation. Hope it helps\[5 \times 10^{6} \times 1.08^{n}\] where n is the number of years the business has been running. Bonus help : in 2001, n = 0. There you go :)
I cacul yes ,you r correct sorry 5.8Million

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