A sales manager sets sales goals for each of his employees. The manager increases the goals of his sales people by 5% each month. If Maria's sales goal was initially 95 units for the month, what is her sales goal after 6 months?

A.

70 units

B.

93 units

C.

97 units

D.

127 units

Question

Francis Coffey

Mathematics

14 December, 19:21

A sales manager sets sales goals for each of his employees. The manager increases the goals of his sales people by 5% each month. If Maria's sales goal was initially 95 units for the month, what is her sales goal after 6 months?

A.

70 units

B.

93 units

C.

97 units

D.

127 units

+5

Answers (1)

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Hess · Answer 1

This is exponential growth of the form:

y=ab^x, y=final amount, a=initial amount, b=common ratio or rate, x=time

y (t) = 95 (1.05^t)

y (6) = 95 (1.05^6)

y (6) ≈127 units (to nearest whole unit)

A sales manager sets sales goals for each of his employees. The manager increases the goals of his sales people by 5% each month. If Maria's sales goal was initially 95 units for the month, what is her sales goal after 6 months?A.70 unitsB.93 unitsC.97 unitsD.127 units

A sales manager sets sales goals for each of his employees. The manager increases the goals of his sales people by 5% each month. If Maria's sales goal was initially 95 units for the month, what is her sales goal after 6 months?

A.

70 units

B.

93 units

C.

97 units

D.

127 units