Question

The number of employees for a certain company has been decreasing each year by 7​%. If the company currently has 790 employees and this rate​ continues, find the number of employees in 8 years.

Answer 1

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:

$790(1-0.07)^0=790$---------------------------------(1)

since the decrase rate is 7% we use 0.07

So after 8 years , eq (1) can be rewritten as

$790(1-0.07)^8= x$

$790(0.93)^8= x$

$790 \times 0.5595= x$

x= 442.005

x= 442 (approx)