Question

The Unique Glass Company reported sales of $24 million in 1995, and sales increased by 15% each year for the next 10 years.

Write the rule (formula) to determine the company's sales (in $ million) in each year since 1995. (Hint: Let n = 1 represent 1995).

Answer 1

Question 2

Calculate the company’s sales in the year 2003.

Explanation: The formula to calculate sales in the nth year is an=24(1.15)n-1

2003 is the 8th year (i.e., n = 8), so:

a8=24(1.15)7

a8=63.84

Answer: Sales in 2003 were $63.84 million.

This is the answer on Edmentum I swear!

Answer 2

n + 1 = 24 million x 1.15

Explanation:

The sales is increased 15 percent, so every year 24million is multiplyed with 1.15 to get the result... so yea