Joshua currently earns $5000 a year from his lawn care business. He has two plans to increase his revenue.

Plan 1 would increase his yearly revenue by 20%.

Plan 2 would increase his revenue by $1500 a year.

Which plan predicts a greater revenue 7 years from now

Question

27 October, 08:22

+1

Answers (1)

Know the Answer?

Tony Rowe · Answer 1

Plan 1 A=5,000 * (1+0.20) ^ (7) = 17,915.9 Plan 2 A = (1,500*7) + 5,000=15,500 How much greater 17,915.9-15,500=2,415.9

Joshua currently earns $5000 a year from his lawn care business. He has two plans to increase his revenue.Plan 1 would increase his yearly revenue by 20%.Plan 2 would increase his revenue by $1500 a year.Which plan predicts a greater revenue 7 years from now