Problema Solution
sales in january was 2500 and contiues to grow by 5% each month for six months what was sales for the month of july
Answer provided by our tutors
sales in January was 2500
sales in February was 2500*1.05
sales in March was 2500*(1.05)^2
sales in April was 2500*(1.05)^3
sales in May was 2500*(1.05)^4
sales in June was 2500*(1.05)^5
sales in July was 2500*(1.05)^6 = $3,350.24