Cyberhost corporation's sales were $225 million last year. if sales grow at 6% per year, how large (in millions) will they be 5 years later? a. $271.74b. $286.05c. $301.10d. $316.16e. $331.96

After 5 year total amount will be $301.1

So option (c) is correct option

Explanation:

We have given So principle amount P = $1500

Rate of interest r = 6 %

Time n = 5 years

We know that when total amount is given by , here r is rate of interest and n is time period

So amount after 5 years will be

So after 5 year total amount will be $301.1

So option (c) is correct option

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