Growth of a company's sales

Statement

The Bertacchini company has annual sales of $80000\ \text{€}$ and expects $7\%$ growth each year. What sales are projected in $5$ years?

Solution

Exponential growth: $V=V_0\,(1+g)^{t}$. $V=80000\,(1{.}07)^{5}=80000\cdot 1{.}402552\approx\boxed{112204\ \text{€}}.$