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anonymous

  • 5 years ago

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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  1. anonymous
    • 5 years ago
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    2003-2001=2 years A=5(1+0.08)^2=6.29856 round: 6.3 Million

  2. anonymous
    • 5 years ago
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    thank you for the medal

  3. anonymous
    • 5 years ago
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    your welcome

  4. anonymous
    • 5 years ago
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    but i got a different answer i got 5830000

  5. anonymous
    • 5 years ago
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    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 :)

  6. anonymous
    • 5 years ago
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    I cacul yes ,you r correct sorry 5.8Million

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