If the social media increasing rate is 7% per year and I start with 6,000,000 how many will I have in 4 years?

Question

I need to know how to solve this as well, thanks!

 

Answer 1

 

7,864,776.06

or

6000000*1.07^4

 

Every year it increases 7% so its 1.07 times larger

The total after one year

6000000*(1.07)=6420000

 

After two years

6420000(1.07)=6869400  =6000000*(1.07)²

 

after x years

6000000*(1.07)^x

Answer 2

168,000,000