SOLUTION: In 1994, the sales of music cassettes reached its peak at $2,976,400,000. Since then, cassette sales have been declining. If the annual percent of decrease in sales is 18.6%, predi

Question 1038456: In 1994, the sales of music cassettes reached its peak at $2,976,400,000. Since then, cassette sales have been declining. If the annual percent of decrease in sales is 18.6%, predict the sales of cassettes in the year 2009.
$135,849,288
$328,386,624
$8,304,156,000
$38,455,780,593
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Use formula for compound interest loan

This is the 1st choice
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