Register

Annual sales for a fast food restaurant are $650,000 and are increasing at a rate of 4% per year. How much is the annual sales for 5 years?

Annual sales for a fast food restaurant are $650,000 and are increasing at a rate of 4% per year. How much is the annual sales for 5 years?
asked 12.4k views
4 votes
Annual sales for a fast food restaurant are $650,000 and are increasing at a rate of 4% per year. How much is the annual sales for 5 years?

asked
User Tashieka
by
8.0k points

1 Answer

2 votes
Use the equation y=a(1+r)^t
So in this case: 650,000(1+0.04)^5
Giving you...

$790,824.83
answered
User Joel Marcey
by
8.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!