As compared to its first year of operation, ABC company grew 8% in the second year and an additional 2% per year for the next two years. If total growth for years 2-4 was $45,000 over the first year’s sales of $150,000, how much did ABC grow in year 2?
year 2 grew by 8% of 150000 = 12000
the rest of the years don't matter. Also, I think the $45K growth figure is bogus, at 2%/year
It would have to grow at over 6%/year over years 2-4 to get from 150K to 195K after 4 years.
Or is the problem poorly worded?
at a college book store Carla purchased a math text book and a novel that cost a total of $54, not including tax. If the price of the math math textbook, m is more than 3 times the price of the novel, n what is the price of each book I'm off and coming home?
To find out how much ABC company grew in year 2, we need to determine the growth for the second year.
Let's calculate the growth rate for the second year:
Growth rate for the second year = 8%
Next, we multiply the growth rate by the sales in the first year to calculate the growth amount for the second year:
Growth amount for the second year = 8% * $150,000
Growth amount for the second year = $12,000
Therefore, ABC company grew by $12,000 in year 2.
To find out how much ABC company grew in year 2, we need to calculate the growth from year 1 to year 2.
Let's start with the information given:
The total growth for years 2-4 was $45,000 over the first year's sales of $150,000.
First, we need to calculate the first year's sales multiplied by the growth rate for year 2, which is 8%.
Growth in year 2 = First year's sales * Growth rate for year 2
Growth in year 2 = $150,000 * 0.08
Growth in year 2 = $12,000
Therefore, ABC company grew $12,000 in year 2.