SOLUTION: sales in January we're 2500 dollars and continue to grow by 5% each month for 6 months what were sales for the month of July

Question 935945: sales in January we're 2500 dollars and continue to grow by 5% each month for 6 months what were sales for the month of July
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
v = c(1 + r)^t
where:
v = future value
c = current value
r = percent growth rate per period (as a decimal)
t = number of periods
---
v = 2500*(1 + 0.05)^6
v = 3350.24
---
answer:
sales for the month of July will be $3350.24
---
Free algebra tutoring live chat:
https://sooeet.com/chat.php?gn=algebra
---
Solve and graph linear equations:
https://sooeet.com/math/linear-equation-solver.php
---
Solve quadratic equations with quadratic formula:
https://sooeet.com/math/quadratic-formula-solver.php
---
Solve systems of linear equations up to 6-equations 6-variables:
https://sooeet.com/math/system-of-linear-equations-solver.php
---
RELATED QUESTIONS
Sales in January were 2,500 continued to grow 5% each month for 6 months what were sales... (answered by JulietG)

Jan sales were 2500 continue to grow by 5% for 6 months what was total on... (answered by ewatrrr)

Suppose a sales can be modelled by the sinusoidal equation:... (answered by greenestamps)

Monthly sales figures for January are 5600. This is expected to fall for the following 9... (answered by ikleyn)

1.) Sales last month were 4000.00, this month they were 5000.00. Write an equation that... (answered by funmath)

1.) Sales last month were 4000.00, this month they were 5000.00. Write an equation that... (answered by Nate)

1.) Sales last month were 4000.00, this month they were 5000.00. Write an equation that... (answered by stanbon)

Judy’s Jeans Jamboree sold 1,200 jeans in the month of January. In the month of... (answered by greenestamps)

A salesman earns $1500 each month plus a commission of 6 1/2% of his sales in excess of... (answered by addingup)