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

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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