Question

A sales manager sets sales goals for each of her employees. The manager increases the goals for her sales people by 3% each month. If John’s sales goal is initially 250 units for the month, what is his sales goal after 8 months?




A.

196 units


B.

245 units


C.

255 units


D.

317 units

Answer 1

250(1+0.03)^8

Answer 2

which is around 317 units

Answer 3

thanks!!!

Answer 4

you have to compound the sales. Initial sales 250
1st month - 250 + 0.03(250) = 250(1+0.03)
2nd month- 250(1+0.03)(1+0.03)
and so on

Answer 5

you are welcome