Question

you have been averaging 55 sales per day. Per our mew policy. everyone needs to increase his or her sales per day by 10% in the next month. Rounding up, by next month you will need to be up to sales

Answer 1

An Exponential growth function is given by:
`y = a(1+r)^n` ....[1]

where

a is the initial amount and r is the growth rate and n is the number of time.

As per the given statement: You have been averaging 55 sales per day. Per our new policy everyone needs to increase his or her sales per day by 10% in the next month.

Initial sales per day(a)= 55 ,

Growth rate(r) = 10% = 0.1

and

n =30

Substitute these given values in [1] we get;

`y = 55(1+0.1)^(30)`

or

`y = 55(1.1)^(30)`

Simplify:

`y = 959.717124789 \approx 960`

Therefore, you will need to be sales in next month up to 960 sale