Answer:
The value after 7 years is $ 855355.65
Solution:
Given that, Annual sales for a fast food restaurant are 650000 and are increasing at a rate of 4% per year
To find: exponential function to find the annual sales after 7 years
The exponential growth function is given as:
Where,
"a" is the initial amount
"y" is the future value
"r" is the rate of interest in decimal
"t" is the number of years
Here in this given question,
a = 650000
t = 7 years
Substituting the values in given formula,
Thus the value after 7 years is $ 855355.65
Step-by-step explanation:
