Year: 1, 2, 3, 4, 5

Question

Sale:.48,1.032,2.198,4.726,10.208
(in millions)

-If the sales growth pattern continues, what will be the sales for ABC Company in year 12?

-What will be the total sales for ABC Company for years 1 through 12?

I know that this is a geometric sequence with a common ratio of 2.13

Answer 1

Since you have figured r, and a = 0.48,

Tn = 0.48*2.13^(n-1)
T12 = 0.48*2.13^11 = 1965.25

S12 = 0.48(1-2.13^12)/(1-2.13) = 3703.98