Ask Question
1 December, 13:13

Occupancy rate is defined as the number of units occupied divided by the number of total units. Was the occupancy rate in a certain apartment complex greater than 45% on June 30? (1) On January 1st, the occupancy rate was 75%. (2) At the end of each month from February to June, the occupancy rate was 80% of the figure at the end of the preceding month.

+1
Answers (1)
  1. 1 December, 16:56
    0
    At this declining rate we end up with a cappacity lower than 45% at the end of june.

    Explanation:

    From the given statements we know that occupancy rate is decreasing at 20% each and start at 75% on January

    January 75%

    February 75 x 0.8

    March 75% x 0.8 x 0.8 = 0.75 x 0.8^2

    ...

    we notice each month will my January capacity multiplied by and additional 0.8 thus the rate for June will be equal to:

    June 75% x 0.8^5 = 0.75 x 0.32768 = 0.24576

    We should check for 45% - -> 0.45

    This is lower than capacity at June
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Occupancy rate is defined as the number of units occupied divided by the number of total units. Was the occupancy rate in a certain ...” 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