SOLUTION: A company has plans to increase its sales at the rate of 10% per year. If the sales of the company in 2001 were $ 37 million, how much sales can you expect the company to make in
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Question 251454: A company has plans to increase its sales at the rate of 10% per year. If the sales of the company in 2001 were $ 37 million, how much sales can you expect the company to make in the year 2004? Answer by checkley77(12844) (Show Source):
You can put this solution on YOUR website! 37,000,000(1+.10)^3
37,000,000(1.1)^3
37,000,000*1.33=$49,247,000 is the expected sales in 2004.
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