- 1 Marks
QTB – May 2016 – L1 – SA – Q1 – Mathematics
Calculates the number of units a company expects to sell in year 5 given initial and growth rate.
Question
A company expects to produce and sell 150,000 units of its product during the first year with this figure growing by 3% per annum. Then the number of units to be sold in year 5 is
A. 153,798
B. 163,798
C. 173,798
D. 183,798
E. 193,798
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