Question

PLS HELP ASAP!! WILL MARK BRAINLYIST
Annual sales for a company are $200,00 and increase at a rate of 9% for 8 years.
the exponential function that models the situation is y=?
after 8 years, the comany's annual sales are $?

Answer 1

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