I am confused on this question


I am confused on this question

kiarabermudez754 kiarabermudez754    1   14.02.2022 04:00    7

Answers
jordanrini jordanrini  14.02.2022 04:00
 Around 4681 grills

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Explanation:

x = number of years

y = number of grills sold

The equation we'll use is the exponential equation y = 3300(1.06)^x

The 3300 of course is the initial amount sold. The 1.06 as the base indicates that the sales increase by 6% each year. Think of it the 1.06 as 1+0.06 = 100% + 6%

If we plugged x = 0 into that equation, then we get

y = 3300(1.06)^x = 3300(1.06)^0 = 3300

which helps confirm the correct equation.

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Now plug in x = 6 to find the sales for year 6.

y = 3300(1.06)^x = 3300(1.06)^6 \approx 4681.11 \approx 4681

The projected sales for year 6 are about 4681 grills. This is an estimate based on the assumption that the sales will increase by 6% each year. Of course, the reality is that things aren't always so simple like this (but it should give a fairly good idea of what's going on).

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