The town manager reports that revenue for a given year is $2.5 million. The budget director predicts that revenue will increase by 4% per year. If the directors prediction holds true, how much revenue will the town have available 10 years from the date of the town managers report?

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Mathematics

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26 August, 03:01

The town manager reports that revenue for a given year is $2.5 million. The budget director predicts that revenue will increase by 4% per year. If the directors prediction holds true, how much revenue will the town have available 10 years from the date of the town managers report?

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Jensen Graham · Answer 1

2.5 times 1.04 (the. 04 being the 4% increase) = 2.6 one year

2.6 (1.04) = 2.704

(1.04) = 2.81216

(1.04) = 2.9

(1.04) = 3.04

(1.04) = 3.16

(1.04) = 3.28

(1.04) = 3.42

(1.04) = 3.55

(1.04) = 3.7

(1.04) = 3.84 million after 10 years