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3. Monthly sales figures for January are 5600. This is expected to fall for the following 9 months at a rate of 2% each month. Thereafter sales are predicted to rise at a constant rate of 4% each month. Estimate total sales for the next two years (including the first January).​

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For a monthly sales figures at 5600 and expected to fall for the following 9 months at a rate of 2% each month, the  total sales for the next two years  is mathematically given as

A=11968.04

What are total sales for the next two years (including the first January).​?

Generally,  the  total sales  is mathematically given as

A=5600(1-2/100)^9(1+4/100)^24

A=5600(.98)^9(1.04)^24

A=11968.04

In conclusion, total sales for the next two years

A=11968.04

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