REVENUE GROWTH OF A HOME THEATER BUSINESS Maxwell started a home theater business in 2013 . The revenue of his company for that year was $ 240 , 000 . The revenues grew by 20 % in 2014 and by 30 % in 2015 . Maxwell projected that the revenue growth for his company in the next 3 years will be at least 25 % /year . How much does Maxwell expect his minimum revenue to be for 2018 ?
REVENUE GROWTH OF A HOME THEATER BUSINESS Maxwell started a home theater business in 2013 . The revenue of his company for that year was $ 240 , 000 . The revenues grew by 20 % in 2014 and by 30 % in 2015 . Maxwell projected that the revenue growth for his company in the next 3 years will be at least 25 % /year . How much does Maxwell expect his minimum revenue to be for 2018 ?
Solution Summary: The Maxwell expects his minimum revenue for 2018 is 731250
REVENUE GROWTH OF A HOME THEATER BUSINESS Maxwell started a home theater business in
2013
. The revenue of his company for that year was
$
240
,
000
. The revenues grew by
20
%
in
2014
and by
30
%
in
2015
. Maxwell projected that the revenue growth for his company in the next
3
years
will be at least
25
%
/year
. How much does Maxwell expect his minimum revenue to be for
2018
?
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