1. Annual sales for a fast food restaurant are $650,000 and are increasing at a rate of 4% per year Use an exponential function to find the annual sales after 7 years.

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The value after 7 years is $ 855355.65

Solution:

Given that, Annual sales for a fast food restaurant are 650000 and are increasing at a rate of 4% per year

To find:  exponential function to find the annual sales after 7 years

The exponential growth function is given as:

Where,

"a" is the initial amount

"y" is the future value

"r" is the rate of interest in decimal

"t" is the number of years

Here in this given question,

a = 650000

t = 7 years

Substituting the values in given formula,

Thus the value after 7 years is $ 855355.65

Step-by-step explanation:

1,645,493,059.35

step-by-step explanation:

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation: