Question

In the month of January, a certain restaurant claimed it sold 9,000 burgers and expects sales to grow at a rate of

4.8% per month over the next year. Which formula will determine the number of burgers the restaurant expects to sell
this year?

Answer 1

a

Explanation:

Answer 2

11∑N=1 9000 (1.048)^n

Explanation:

First month = a = 9,000burgers

Common ratio = r = 1 + 0.48 = 1.048

Total number of months = n = 11; from February to December.

Formula to determine the number of burgers the restaurant expects to sell this year:

= 11∑N=1 9000 (1.048^n)