SOLUTION: A certain newspaper's consumer expenditures in 2000 was about $160 thousand dollars, and has been growing by about 8% each year. If this continues, what will the expenditures be in

SOLUTION: A certain newspaper's consumer expenditures in 2000 was about $160 thousand dollars, and has been growing by about 8% each year. If this continues, what will the expenditures be in

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Question 1183095: A certain newspaper's consumer expenditures in 2000 was about $160 thousand dollars, and has been growing by about 8% each year. If this continues, what will the expenditures be in 2020?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
2020 is 20 years later
160(1+.08)^20 is the amount of expenditures in 2020 in thousand
=$745.75 thousands or $745,750.
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