If I forecast 5% growth in sales and my starting sales are $2600 whatis the equation to determine my new sales amount (excluding interest)

Question

tkhunny · Answer

Why would there be any interest?

If you start at 2600 and increase by 5% each year, what are the sales in years 2, 3, and 4?

anonymous · Answer

you're right duh I guess it % Inrease = New amount minus original amount dived by original amount. if I know the % increase and the original amount How do i solve for the new amount?

tkhunny · Answer

??

Year 1 2600
Year 2 2600*1.05
Year 3 2600*1.05^2
Year 4 2600*1.05^3
...
Year n 2600*1.05^(n-1)

anonymous · Answer

Thank you makes sense!