Online retail sales stood at $23.5 billion for 2000. For the next 2 years, they grew by 32.8% and 27.7% per year, respectively. For the next 6 years, online retail sales are projected to grow at 30.5%, 19.3%, 24.4%, 13.8%, 17.8%, and 10.3% per year, respectively. What are the projected online sales for 2008? Round your answer to the nearest tenth.

$__________ billion

Question

Online retail sales stood at $23.5 billion for 2000. For the next 2 years, they grew by 32.8% and 27.7% per year, respectively. For the next 6 years, online retail sales are projected to grow at 30.5%, 19.3%, 24.4%, 13.8%, 17.8%, and 10.3% per year, respectively. What are the projected online sales for 2008? Round your answer to the nearest tenth.
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$__________ billion

Quizplus · Accepted Answer

The Answer of Online retail sales stood at $23.5 billion for 2000. For the next 2 years, they grew by 32.8% and 27.7% per year, respectively. For the next 6 years, online retail sales are projected to grow at 30.5%, 19.3%, 24.4%, 13.8%, 17.8%, and 10.3% per year, respectively. What are the projected online sales for 2008? Round your answer to the nearest tenth.
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$__________ billion

Online Retail Sales Stood at $23