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
Calculating Total Sales Over 12 Months Using Arithmetic Progression
Calculating the Sales Ratio of Ferraro, Jogura, and Perscho in Year 3
Calculate Volume of Cylinder and New Bottle Capacity
Calculate the Mass of a Bottle Using Equations - Math Problem Solution
Calculate Bottled Water Packs for 42 Guests - Math Problem