Question

The population of a mixi company in 1996 was 8000 mixies. Due to increase in demand it increases its production by 15% in the next two years and after two years its demand decreases by 5%. What eill its production after 3 years?

Answer 1

Given, 

Population of mixi company in 1996 = 8000 

Production growth rate in next 2 years = 15 % 

Decrease rate in 3rd year = 5% 

So, 

Production after 3 years \(= 8000({1}+\frac{15}{100})({1}+\frac{15}{100})({1}-\frac{5}{100})\)

\(= 8000\times\frac{23}{20}\times\frac{23}{20}\times\frac{19}{20}\) = 10051