SOLUTION: The requirement for computer server capacity at Acme Industries is expected to increase at a rate of 15% per year for the next 5 years. If the server capacity is expected to be 1,4
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Question 977770: The requirement for computer server capacity at Acme Industries is expected to increase at a rate of 15% per year for the next 5 years. If the server capacity is expected to be 1,400 gigabytes in 5 years, how many gigabytes of capacity are there today? Round to the nearest whole gigabyte.
Do not enter units in your answer.
_______________ gigabytes
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
1400=P{1+0.15}^5
1400=2.011 P
696.04 Gigabytes.
800.45 year 1
920 year 2
1059 year 3
1217 year 4
1400 year 5
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