Question

In 1990 sales at ABC electronics totaled 4.9 million dollars 1996 total sales amounted to 12.1 million. Assuming the growth in sales is a linear relation, what total sales can the company expect in 2001

Answer 1

18.1 million

Explanation:

12.1 - 4.9 = 7.2 million increase in 6 years

7.2 / 6 = increase of 1.2 million a year

1.2 x 5 years = 6 million

12.1 million + 6 million = sales of 18.1 million in 2001