Question
The annual production in cement industry is subject to
business cycles. The production increases for two consecutive years consistently by 18% and decreases by 12% in the third year. Again in the next two years, it increase by 18% each year and decreases by 12% in the third year. Taking 2008 as the base year, what will be the approximate effect on cement production in 2012?Solution
The correct answer is C
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