Mathematics

Nevin

7 April, 07:31

A manager recorded the number of bicycles sold by his company each quarter. His projected sales after t years is given by the expression below.

575 (1+.018//4) ^4t

Which of the following statements best describes the expression?

a. The initial sales of 575 bicycles increases at the rate of 18% over 4 years.

b. The initial sales of 575 bicycles increases at the rate of 4% over 4 quarters.

c. The initial sales of 575 bicycles increases at the rate of 4% over t quarters.

d. The initial sales of 575 bicycles increases at the rate of 18% over t years.