Given,
Population of mixi company in 1996 was = 8000 mixies
Production growth rate in next 2 years is = 15 %
Decrease rate in 3rd year is = 5%
By using the formula,
A = P (1 + R/100)
x = 8000 (1 + 15/100) (1 + 15/100) (1 – 5/100)
= 8000 (115/100) (115/100) (95/100)
= 8000 (1.15) (1.15) (0.95)
= 10051
∴ Production after three years will be 10051 mixies.