Answer:
The annual sales after 7 years is $197,388.45
Explanation:
Given that the annual sales for a company is $149,999
The increase rate is 6%
The annual sales after 7 years is given as:
[tex]\begin{gathered} y=A(1+r)^n \\ A\text{ is the amount} \\ r\text{ is the rate of increase} \\ n\text{ is the number of years} \end{gathered}[/tex][tex]\begin{gathered} y=149999(1.04)^7 \\ =197,388.45 \end{gathered}[/tex]