Annual sales for a company are $155,000 and increases at a rate of 8% per year for 9 years. y=?

Nate Bird asked Aug 26, 2023

11,022 views

41 votes

Annual sales for a company are $155,000 and increases at a rate of 8% per year for 9 years.

y=?

Nate Bird asked Aug 26, 2023

2.7k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

29 votes

y = 155000 (1+.08)⁹ ⇒ 309,845.72

DrMcCleod answered Aug 31, 2023

2.8k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers