Answer:
40963
Step-by-step explanation:
im assuming that its 8.3%
3400 ÷ 8.3 = 1% = 409.63....
1% x 100 = 100% of copies = 40963
Answer:
Growth rate is 17%
2025 value is $76
Step-by-step explanation:
Here, we want to determine the annual growth rate
The general equation form is;
F = l( 1 + r)^n
where F is the future value
I is the initial value
r is the growth rate
n is the numbering years
To get the growth rate, we simply equate what we have in the bracket to 1 + r
Thus;
1 + r = 1.17
r = 1.17-1
r = 0.17
0.17 is same as 17/100 which is same as 17%
Secondly, we want to get the value of the book in 2025
What we have to do here is to substitute (2025-2000) for t which is 25
We have;
V(t) = 1.50(1.17)^25
V(25) = 75.986 which is approximately 76
