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AnnZ [28]
3 years ago
9

annual sales for a company are $149,999 and are increasing at a rate of 6% per year. write an exponential growth function to mod

el this situation. then, find the annual sales after 7 years.
Mathematics
1 answer:
elixir [45]3 years ago
4 0

Answer:

  • S(t) = 149999(1.06)^t
  • $225543

Step-by-step explanation:

  • Initial value is $149999
  • Increase rate is 6% per year = 1.06 times

<u>The model of the growth is:</u>

  • S(t) = 149999(1.06)^t, where S- amount of annual sales, t- time in years, 1.06- growth rate per year

<u>Annual sales after 7 years:</u>

  • S(7) = 149999(1.06)^7 = $225543
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