Footware manufacturing is projected to decrease output by 8.4% from 2006 to 2016. If footware manufacturing had 1.8 billion doll
ars of output in 2006, approximately how much output is expected in 2016?
2 answers:
The <em><u>correct answer</u></em> is:
1.65 billion.
Explanation:
Since the output is expected to decrease by 8.4%, this means we will have
100-8.4 = 91.6% of the output.
91.6% = 91.6/100 = 0.916
91.6% of 1.8 billion is then
0.916(1.8) = 1.6488 ≈ 1.65 billion
I got the same question and the answer is D) 1.65 billion
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