Question

Annual sales for a small boutique were $863,000in 2010. Since then the sales have increased at a rate of 2.5% per year. Find the sales in 2018

Answer 1

1,035,600

Explanation:

since the rate sales increased 2.5% per year 8*2.5=20/100=0.2*863,000=172,600 and since we already are earning 863,000 so 863,000+172,600=1,035,600