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Since 2005 the amount of money spent at a restaurant in a certain country has increased by a rate of 8% each year. In 2005, about $280 billion was spent at restaurants. If the trend continues, about how
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Since 2005 the amount of money spent at a restaurant in a certain country has increased by a rate of 8% each year. In 2005, about $280 billion was spent at restaurants. If the trend continues, about how much will be spent at restaurants in 2015?

User Brandizzi
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Answer:

Explanation:

use the formula A= P(1+ r/n) power to nt

User Shredator
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