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Ainat [17]
2 years ago
11

19. At a boardroom meeting, the sales manager is happy to announce that sales have risen from $850,000 to $1,750,000 at a

Mathematics
1 answer:
klasskru [66]2 years ago
3 0

The number of years it would take sales to reach $1,750,000 is 14.65 years.

<h3>What is the number of years?</h3>

The formula that can be used to determine the number of years it would take for the sales to reach $1,750,000 is:

Number of years : In (FV / PV) / r

Where:

  • FV = future level of sales -  $1,750,000
  • PV = present level of sales = 850,000
  • r = rate of growth -  4.931998%

Number of years : In ($1,750,000 / 850,000) / 0.04931998

Number of years : In (2.06) / 0.04931998

Number of years : 14.65 years

To learn more about how to determine the number of years, please check: brainly.com/question/21841217

#SPJ1

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