# A company had a net profit of 8 million dollars in 1991 and 11.2 million dollars in 1999.

Answers

n=8

27 June 2013

11.2=8(x)^8 therefore, 11.2/8 = (x)^8

27 June 2013

Therefore percentage increase = 4.3% (2 decimal places)

27 June 2013

x=8th root of (11.2/8) = 1.0430

27 June 2013

I don't know how much uou

28 June 2013

i don't Know how much you understand of the process. The money has made 3.2 mill in 8 yeArs or 40 pc. If the annual rate is xpc it has grown by .0x ea

28 June 2013

EAch year. We need to take logs to find x as a compound rate. Basically ln(0.4) is 8 times ln(x) or lid is ln0.4/8. X is exp that. Fraction. Hope that helps

28 June 2013

Add an answer Cancel reply