Question

Rachel is also marketing manager of Tire Manufacturing Co. She wants to increase sales by 15% per year for the next 3 years. If she sold 50,000 tires this year, how many tires should she expect to sell in 3 years?

Answer 1

Calculate number of tires sold in three years
Current no of tires sold	50000
Tires sold in year 1	57,500	50000*1.15
Tires sold in year 2	66,125	57500*1.15
Tires sold in year 3	76,044	66125*1.15
Total tires sold in 3 years	199,669	(57500+66125+76044)
Thus, in total Rachel would sell 199,669 tires in 3 years