SOLUTION: A company has plans to increase its sales at the rate of 8% per year. If the sales of the company in 2001 were $6 million, how much sales can you expect the company to make in the

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A company has plans to increase its sales at the rate of 8% per year. If the sales of the company in 2001 were $6 million, how much sales can you expect the company to make in the       Log On


   



Question 647941: A company has plans to increase its sales at the rate of 8% per year. If the sales of the company in 2001 were $6 million, how much sales can you expect the company to make in the year 2005
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
S=6000000(1.08)^4
S=8,162,934