Answer:
Y= PV*(1 + g)^t
Step-by-step explanation:
Giving the following information:
Number of Restaurants (PV)= 2,000
Growth rate (g)= 3%
To calculate the number of restaurants after t years, we need to use the following formula:
Y= PV*(1 + g)^t
For example, for 10 years:
Y= 2,000*(1.03^10)
Y= 2,688
