Question

I need help ASAP please!

Answer 1

Answer:

• Jan 2018: 7.83 million
• Feb 2017: 8.12 million

Step-by-step explanation:

Your "Grandma formula" tells you ...

  N = G(1 +x/100)

Solving for G gives ...

  G = N/(1 +x/100) . . . . . . G = old value; N = new value; x = % change

For this problem, N=7.9 million.

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1) x = 0.9, so G = 7.9/(1 +.9/100) ≈ 7.83 . . . million

7.83 million people were looking for work in January 2018.

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2) x = -2.7, so G = 7.9/(1 -2.7/100) ≈ 8.12 . . . million

8.12 million people were looking for work in February 2017.