Question

annual sales for a company are $150,000 and increases at a rate of 8% per yr for 6 yrs. After 6 yrs the company annual sales are?​

Answer 1

After 6 years, the company's annual sales will be $222,000

Explanation:

8 percent of 150,000 is 12,000 which is the annual sale increase every year. Multiply that by 6 which is 72,000, the amount of annual sales after 6 years. Add that with 150,000 and you'll get 222,000.