Question

ePhones are rising in sales. of 800,000 ePhones were sold this yeas and sales are growing at a rate of 18% per year, how many will be sold 5 years from now? 1,520,000 720,000 1967682

Answer 1

Answer:

Almost 1830208 ePhones would be sold at the end of 5 years.

Explanation:

Initial year sale : 800,000

First year sale : 800,000 + (18 % (800,000)) = 944,000

Second year sale: 944,000 + (18 % (944,000)) = 1,113,920

Third year sale : 1,113,920 + (18 % (1,113,920)) = 1,314,426

Fourth year sale : 1,314,426 + (18% (1,314,426)) = 1,551,023

REQUIRED YEAR:

$\Rightarrow$ Fifth year sale :  1,551,023 + ( 18 %(1,551,023)) = 1,830,208

Hence, we can conclude that 1830208 phones would be sold at the end of 5 years.