Problem

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Question 18
Solve the problem.
Computer sales for a certain company have reached \( \$ 41 \) million per year and are growing at \( 12 \% \) annually. At this growth rate, what will the be next year? Round to the nearest tenth of a million.
\( \$ 45.9 \) million
\( \$ 36.2 \) million
\( \$ 48.3 \) million
\( \$ 4.9 \) million

Answer

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Answer

\$45.9 \text{ million}

Steps

Step 1 ：P=e*(1+r)^{n}

Step 2 ：P=41*(1+0.12)^{1}

Step 3 ：\$45.9 \text{ million}

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