Ask Question
18 November, 05:31

Annual sales for a company are $125,000 and are increasing at a rate of 8% per year. Use an exponential function to find the annual sales after 5 years. Round to the nearest cent.

+1
Answers (1)
  1. 18 November, 05:36
    0
    sales after 5 years is $183666

    Step-by-step explanation:

    exponential function standard form:

    a=P (1+r) ^t

    where p=principal (starting amount) (125,000)

    r=rate of change (0.08)

    t=time (5)

    so

    a=125,000 (1+0.08) ^5

    a=125,000 (1.08) ^5

    a=125,000 (1.46)

    a=183666
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Annual sales for a company are $125,000 and are increasing at a rate of 8% per year. Use an exponential function to find the annual sales ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers