Ask Question
24 October, 05:12

Suppose a company's revenue increased by 12.3% over the previous year. assuming this trend continues, which expression could the company use to approximate the percent increase in revenue through a certain number of months, m?

+5
Answers (1)
  1. 24 October, 07:50
    0
    If the company's trend increases by 12.3% over the previous year and this is bound to continue then the percentage increase through a given number of months will be given by:

    (1 + 0.123) ∧m/12

    we get (1.123) ∧m/12

    Simplifying the expression we get (1.123) ∧ (1/12) m

    Evaluating (1.123) ∧ (1/12) we get 1.00971

    Therefore, the expression to represent monthly percentage increase will be

    (1.00971) ∧m
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose a company's revenue increased by 12.3% over the previous year. assuming this trend continues, which expression could the company ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers