anonymous
  • anonymous
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
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
2003-2001=2 years A=5(1+0.08)^2=6.29856 round: 6.3 Million
anonymous
  • anonymous
thank you for the medal
anonymous
  • anonymous
your welcome

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anonymous
  • anonymous
but i got a different answer i got 5830000
anonymous
  • anonymous
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 :)
anonymous
  • anonymous
I cacul yes ,you r correct sorry 5.8Million

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