Question

From 2001 to 2012 the sales for a local doughnut store increased by about the same percent each year. The sales, S, for yeart can be modeled by S = 372,300(5/6)^t, where t= 0 corresponds to 2001. What were the sales in 2001?

Answer 1

Given the sales for year t is represented by the expression below:

`S\text{ = 372300(}(5)/(6))^t`

Where t = 0 corresponds to 2001.

To find the sales in 2001, substitute t for 0 in the equation above:

`S=372300((5)/(6))^0\text{ = 372300(1) = 372300}`

Therefore, the sales in 2001 is 372300

ANSWER:

372,300