Answer:
The number of employees in 8 years is 442
Step-by-step explanation:
Given:
Decreasing rate = 7%
Current number of employees = 790
To Find:
The number of employees after 8 years is this same rate continues =?
Solution:
Let the number of employees after 8 years be x
The current number of employees is:
[tex]790(1-0.07)^0=790[/tex]---------------------------------(1)
since the decrase rate is 7% we use 0.07
So after 8 years , eq (1) can be rewritten as
[tex]790(1-0.07)^8= x [/tex]
[tex]790(0.93)^8= x [/tex]
[tex]790 \times 0.5595= x [/tex]
x= 442.005
x= 442 (approx)
