a company ship increases shipment every year by 10% how many items company ship during its fourth year
Answers
Given : a company ship increases shipment every year by 10%
To Find : how many items company ship during its fourth year
Solution:
Let say company ships items in 1st year = P
Direct Formula A = P ( 1 + R/100)ⁿ
R = 10 %
n = 3 ( 4th year is at end of 3 years)
company ship during its fourth year = P ( 1+ 10/100)³
= P (1.1)³
= 1.331P
1.331 times
33.1 %
Company ship in 1st Year = P
Company ship in 2nd year = P + (10/100)P = 1.1P
Company ship in 3rd year = 1.1P + (10/100)1.1P = 1.1P + 0.11P = 1.21P
Company ship in 4th year = 1.21P + (10/100)1.21P = 1.21P + 0.121P = 1.331P
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