Home / Assignment Help / Under the current law on nutrition labeling, a food manufacturer must provide nutrition facts label listing:

Under the current law on nutrition labeling, a food manufacturer must provide nutrition facts label listing:

I did a manual computation to find the number of years it would take to triple the current sales.

625,000 x 3 = 1,875,000

Year                                            Sales 




1                                              625,000.00



2       625,000   x   1.12
  =      700,000.00



3       700,000   x   1.12
  =      784,000.00



4       784,000   x   1.12
  =      878,080.00



5       878,080   x   1.12
  =      983,449.60



6       983,450   x   1.12
  =   1,101,463.55



7    1,101,464   x   1.12
  =   1,233,639.18



8    1,233,639   x   1.12
  =   1,381,675.88



9    1,381,676   x   1.12
  =   1,547,476.99



10  1,547,477   x   1.12
  =   1,733,174.22



11  1,733,174   x   1.12
  =   1,941,155.13

It would take 10 years for the sales to triple. 

About eduhawks

Check Also

Are the phases of the moon the same everywhere on earth

Are the phases of the moon the same everywhere on earth