1.
Answer the questions based on the following information.
If the profit in 1996 shows the annual rate of growth as it had shown in 1995 over the previous year, then what approximately will be the profit in 1996?
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By: anil on 05 May 2019 02.33 am
%increase in profit in year 1995 = 16.66%
With this increment, profit in year 1996 = 70(1+$$(16.66 div 100)$$) = 82 (nearly)
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With this increment, profit in year 1996 = 70(1+$$(16.66 div 100)$$) = 82 (nearly)