Math Problem Statement
Sales of cases of bottled water are up 7% from last year. You sold 900 cases of bottled water last year. Based on current percentage demand trends, what would the forecast be for total sales of cases of bottles water in 3 years.
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Compound Growth
Percentage Increase
Exponential Growth
Formulas
Future Sales = Initial Sales * (1 + growth rate)^n
Theorems
Compound Growth Theorem
Suitable Grade Level
Grades 9-11
Related Recommendation
Water Bottle Sales: Cost, Revenue, and Break-even Point Calculation
Calculating Total Sales Over 12 Months Using Arithmetic Progression
Linear Regression Forecast for Volkswagen Sales in Nevada: Year 6 Projection
Water Demand Projection for Growing Population with Stabilized Per Capita Consumption
Calculating the Sales Ratio of Ferraro, Jogura, and Perscho in Year 3