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
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v = 2500*(1 + 0.05)^6
v = 3350.24
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answer:
sales for the month of July will be $3350.24
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