Question

A certain company reported selling 5,000 toys during the month of January and expects sales to grow at a rate of 7.5% per month until the end of that year. How many toys should the company expect to sell by the end of June of that year? 30,158 36,220 43,937 64,500

Answer 1

The formula is
Fv=p [(1+r)^(t)-1)÷r)
Fv ?
P 5000
R 0.075
T 6. June
Fv=5000 [(1+0.075)^(6)-1)÷0.075]
Fv=36220....answer

Answer 2

Explanation:

Alright, lets get started.

First month January, the toys are 5000.

In February, toys will be :
`5000+(5000*7.5)/(100)`

In February, toys will be : 5375

In March, toys will be :
`5375+(5375*7.5)/(100)`

In March, toys will be : 5778.125

In April, toys will be :
`5778.125+(5778.125*7.5)/(100)`

In April, toys will be : 6211.484

In May, toys will be :
`6211.484+(6211.484*7.5)/(100)`

In May, toys will be : 6677.345

In June, toys will be :
`6677.345+(6677.345*7.5)/(100)`

In June, toys will be : 7178.146

Hence the total toys will be :
`5000+5375+5778.125+6211.484+6677.345+7178.146`

Hence the total toys till June will be : 36220 : Answer

Hope it will help :)