Animist Designers Has Generated Sales of $625,000 for the Current

question 106

Multiple Choice

Animist Designers has generated sales of $625,000 for the current year. If it can increase its sales at a rate of 12 percent every year, how long will it take for its sales to triple? (Round off to the nearest year.)

• A) 8 years
• B) 7 years
• C) 10 years
• D) 9 years

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Definitions:

Teardrop-Shaped Hills

Elongated hills formed by the erosion of underlying soft rock covered by a harder rock cap, often found in arid climates.

Hanging Valley

A glacial valley whose mouth is higher than the bottom of a larger glacially carved valley it joins.

Depression

A geological term describing a sunken area or a hollow on the surface of the Earth.

Valley

A valley situated between hills or mountains, often hosting a flowing river or stream.