(i) Stan Rockwell owns Redlands Farms, a successful
(i) Stan Rockwell owns Redlands Farms, a successful
(i) Stan Rockwell owns Redlands Farms, a successful strawberry farm. The strawberry plants increase at a compound rate of 12% per year. Each year Stan brings new land under cultivation for the new strawberry plants. If the farm has 50 acres of strawberry plants today, how many acres of strawberry plants will the farm have in 8 years? Round to the nearest whole acre.
(ii) At Reliable Trucking, Inc., annual sales are predicted to increase over the next 3 years at a rate of 6% per year. Sales equate to “fleet miles.” If Reliable’s fleet miles are predicted to reach 4.4 million in 3 years, what is the number of fleet miles today? Round to the nearest tenth of a million.
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