Online Retail Sales Stood at $22

Multiple Choice

Online retail sales stood at $22.7 billion for 2000. For the next 2 years, they grew by 32.4% and 27.6% per year, respectively. For the next 6 years, online retail sales are projected to grow at 30.2%, 19.7%, 24.3%, 13.6%, 17.2%, and 10.6% per year, respectively. What are the projected online sales for 2008? Round your answer to one decimal place. ​

A) $113.6 billion
B) $112.2 billion
C) $110.8 billion
D) $108.0 billion
E) $109.4 billion