Percentages

With a growth rate of 8% per annum,what will be the production of a company in 2002,if the production in 2000 was 17000?

• B
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• emA/em=17000(1+0.08)2br /Now, calculate:br /A=17000(1.08)2emA/em=17000(1.08)2br /A=17000(1.1664)emA/em=17000(1.1664)br /A≈19,832.8emA/em≈19,832.8br /So, the production of the company in 2002 will be approximately 19,832.8 units, which you can round to 19,833 units.

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