Answer:
The dollar amount of online retail sales next year will be
$345.000.000.000 dollars
Step-by-step explanation:
To calculate the retail sales according to a given annual percentage growth you must follow these steps:
- Identify the base figure which is the number that will be multiplied by the annual percentage of growth, in this case: $300 billion.
- Identify the percentage rate of growth, in this case: 15%
- Replace in the following formula
Online Sales = Base figure + (Base figure x annual percentage of growth)
Online Sales = 300'.000.000.000+(300'000.000.000 x 15%)
Online Sales = 345'000.000.000