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2 years ago

PLS HELP ASAP!! WILL MARK BRAINLYIST

Mathematics

1 answer:

son4ous [18]2 years ago

7 0

Answer:

$39,851.25

Step-by-step explanation:

If the sales increase at a rate of 9% per year, this means it will be 109% of the previous year's value since 100% + 9% = 109%

109% in decimal form = 109/100 = 1.09

Therefore, the exponential function is:

$y = 20000 \cdot 1.09^x$ , where $x$ is the number of years

So when $x=8$ ,

$y = 20000 \cdot 1.09^8=39851.252...$

After 8 years, annual sales = $39,851.25

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