SOLUTION: I have a problem where I need to solve the following: Martell Corporation's 2005 sales were $12 million. Sales were $6 million five years earlier.
a. To the the nearest perc
Algebra.Com
Question 12311: I have a problem where I need to solve the following: Martell Corporation's 2005 sales were $12 million. Sales were $6 million five years earlier.
a. To the the nearest percentage point, at what rate have sales grown?
Using my calculator I know the answer is 14.67%, but using the formula r=(fv/pv)1/5 (root) -1-- I don't understand how to solve for the 1/n-1 or 1/5-1 (in this case) to find the answer.
Answer by longjonsilver(2297) (Show Source): You can put this solution on YOUR website!
sales were 6million and are now 12million. This is a 100% growth in sales over 5 years.
jon.
RELATED QUESTIONS
3. In 2001, Home Depot’s sales amounted to $60,700,000,000. In 2005, its sales were... (answered by KMST)
A company has plans to increase its sales at the rate of 8% per year. If the sales of the (answered by rfer)
I need help solving this equation.
The attendance at a baseball game was 400 people.... (answered by scott8148)
Finding the rate of change
I have a graph of "New Vehicle Sales"
in 2005 17,445... (answered by stanbon)
The year y when sales were s million dollars for a particular electronics company can be (answered by stanbon)
A company's sales in Seattle were $400,000 in 2012, while their sales in Portland were... (answered by Theo)
A company's sales in Seattle were $360,000 in 2012, while their sales in Portland were... (answered by Theo)
I have a word problem that I need help with,please.
The total sales of a company in 2008 (answered by josmiceli,lwsshak3)
I need to figure out how to put this into an equation form, then I believe I can solve... (answered by graphmatics)