Which of the following statements about the graph is true?
1 answer:
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Answer:
15,267
Step-by-step explanation:
To solve this problem, lets use the exponential growth formula which is:
A = total amount
P = original amount
r = growth rate (decimal)
t = years
<u>Before we plug in the values, don't forget to change 3.5% to its decimal form.</u>
3.5% -> -> 0.035
Lets plug in the values:
The population after 7 years will be 15,267.
In case there is no double entry system is followed, profit can be calculated by comparing the opening and closing capital. In the given situation this can be calculated as:
Opening Capital Rs.200000
Add: Capital Introduced Rs.200000
Add: Profit for the year Rs. 250000
Less: Loss for the year Rs.NIL
Less: Drawings Rs. 30000
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Capital at the end of the year Rs.620000
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Loan taken is a liability and loan given is asset, that will not affect the capital.
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