Question

Since 2004​, the amount of money spent at restaurants in a certain country has increased at a rate of 7​% each year. In 2004​, about ​$290 billion was spent at restaurants. If the trend​ continues, about how much will be spent at restaurants in 2018​?
boom boom boy
Since 2004​, the amount of money spent at restaurants in a certain country has increased at a rate of 7​% each year. In 2004​, about ​$290 billion was spent at restaurants. If the trend​ continues, about how much will be spent at restaurants in 2018​?
R_scott
2.9E8 * (1 + .07)^(2018 - 2004)
R_scott
sorry ... that should be ... 2.9E11 * (1 + .07)^(2018 - 2004)