I did a manual computation to find the number of years it would take to triple the current sales.
625,000 x 3 = 1,875,000
Year Sales
1 625,000.00
2 625,000 x 1.12
= 700,000.00
3 700,000 x 1.12
= 784,000.00
4 784,000 x 1.12
= 878,080.00
5 878,080 x 1.12
= 983,449.60
6 983,450 x 1.12
= 1,101,463.55
7 1,101,464 x 1.12
= 1,233,639.18
8 1,233,639 x 1.12
= 1,381,675.88
9 1,381,676 x 1.12
= 1,547,476.99
10 1,547,477 x 1.12
= 1,733,174.22
11 1,733,174 x 1.12
= 1,941,155.13
It would take 10 years for the sales to triple.
