Since 2005, the amount of money spent at restaurants in a certain country has increased at a rate of 6% each year. In 2005, about $430 billion was spent at restaurants. If the trend continues, about how much will be spent at restaurants in 2019?
Since 2005, the amount of money spent at restaurants in a certain country has increased at a rate of 6% each year. In 2005, about $430 billion was spent at restaurants. If the trend continues, about how much will be spent at restaurants in 2019?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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Since 2005, the amount of money spent at restaurants in a certain country has increased at a rate of 6% each year. In 2005, about $430 billion was spent at restaurants. If the trend continues, about how much will be spent at restaurants in
2019?
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