SOLUTION: metro cable tv had sales of $2,500,000 in its first year of operation. if thereafter the sales increased by 12% of the previous year, find the sales of the company in the fifth yea
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Question 1110093: metro cable tv had sales of $2,500,000 in its first year of operation. if thereafter the sales increased by 12% of the previous year, find the sales of the company in the fifth year and the total sales over the first 5 years of operation Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! Sales of the company in its' fifth year:
2500000 x (1.12)^5=4405854.21
Sales of the company over first five years:
2500000 x Σn=0-5 (1.12)^n=2500000 x 79249893/9765625=20287972.61
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