a sports club has 5000 members at present and its membership is growing at 6 %pa however some members are withdrawing their membership at 2% pa. find the number of members in the club after 2 years
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Answered by
3
Answer:
Total change % in members each yr = 6-2-0.12 = 3.88%
members after two years = 5000*103.88*103.88/100*100 =
5395 (Ans.)
Answered by
0
Answer:
5408
pricipal=5000
Rate=6%-2%=4%
time is 2 years
amount= p(1+r/100)^n
=5000(1+4/100)^2
5000(26/25×26/25)
8×26×26
5408
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