Answer:
370 stores
Step-by-step explanation:
Given data
initial number of stores P= 200
r= 8%
t= 1999-2007= 8 years
Let us apply the compound interest expression to find the final amount of stores
A= P(1+r)^t
A= 200(1+0.08)^8
A= 200(1.08)^8
A= 200*1.85
A=370
Hence the number of stores in 2007 is 370 stores
