A firm produced 1000 sets of radio during the first year. The total number of radio sets
and at the end of 10 year is 14500 .
a,Estimate by how many units of production increased each year.
b,Forecast based on the estimate of the annual increment in production level of output for the 15 year.
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Let us consider that units of production increased each year = X
Production in first year = 1000 units ( given)
At the end of 10 years total production = 14500 units ( given)
According the question :-
( 1000 + X) × 10 =
10000 + 10x = 14500
10 X =
10X = 14500 - 10000
10X= 4500
X=
X=
∴ 450 units of production increased each year.
Ans :- 450 units of production increased each year.
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