A internet company grows by 20 % each year
a)explain why it will not take 5 years to double in size
b)when will it double in size
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the company will start with 0 %
First year company will grow till 20 %
Second year the company will grow by 4 % because 20 % of 20 is 4
So till 2 year company is 24 % grown
Third year the company will grow by 4.8% as 20% of 24 is 4.8
So till Fourth year company is grown till 28.8 %
Fifth year company will grow by 5.68 % as 20% of 28.4 is 5.68%
So till five years company is grown by 34.08 %
2 ans-
First year company will grow till 20 %
Second year the company will grow by 4 % because 20 % of 20 is 4
So till 2 year company is 24 % grown
Third year the company will grow by 4.8% as 20% of 24 is 4.8
So till Fourth year company is grown till 28.8 %
Fifth year company will grow by 5.68 % as 20% of 28.4 is 5.68%
So till five years company is grown by 34.08 %
2 ans-
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