12!/3!13! What does this mean?

1 answer:

3 0

12! = 12x11x10x9x8x7x6x5x4x3x2x1 =479,001,600

3! = 3x2x1 =6
13! = 6,227,020,800

6,227,020,800 x 6 = 37,362,124,800

479,001,600/37,362,124,800=0.0128

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Solution

- The solution steps are given below:

$\begin{gathered} \text{ Let the original amount be X} \\ \\ \text{ If we want a 28\% raise over the next two years, then it means that the amount will be:} \\ X+\frac{28}{100}X=1.28X \\ \\ \text{ If we want to give them a consistent raise each year, we can compute the scenario as follows:} \\ \text{ Let the percentage be }y \\ \\ X+y\%\text{ of }X=\text{ Salary after first year} \\ \\ (X+y\%\text{ of }X)+y\%\text{ of }(X+y\%\text{ of }X)\text{ = Salary after second year.} \\ \\ \text{ But we already know that the salary after second year is }1.28X \\ \text{ Thus, we can say:} \\ (X+y\%\text{ of }X)+y\%\text{ of }(X+y\%\text{ of }X)=1.28X \\ \\ \text{ Simplifying, we have:} \\ X+\frac{yX}{100}+\frac{y}{100}(X+\frac{yX}{100})=1.28X \\ \\ \text{ Divide through by }X \\ 1+\frac{y}{100}+\frac{y}{100}(1+\frac{y}{100})=1.28 \\ \\ \text{ Subtract 1 from both sides and expand the brackets} \\ \frac{y}{100}+\frac{y}{100}+(\frac{y}{100})^2=1.28-1=0.28 \\ \\ \frac{2y}{100}+(\frac{y}{100})^2=0.28 \\ \\ \text{ Multiply both sides by }100^2 \\ 200y+y^2=2800 \\ \\ \text{ Rewrite, we have:} \\ y^2+200y-2800=0 \\ \\ Solving\text{ the equation using the Quadratic formula, we have that:} \\ y=\frac{-200\pm\sqrt{200^2-4(-2800)}(1)}{2(1)} \\ \\ y=-213.137\text{ or }13.137 \\ \\ \text{ Since the change in salary is an increase, thus, the rate }y\text{ has to be positive.} \\ \text{ Thus, } \\ y=13.137\approx13.14\% \\ \\ \end{gathered}$

Final Answer

y = 13.14%

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