Question
The number of employees in a company increases by 8%
each year. If the total employees after 2 years will be 2,916, find the present number of employees.Solution
ATQ,
Let, the present number of employees be ‘x’.
ATQ,
So, the employees after 2 years = 1.08 × 1.08 × x = 2916
Or, x = 2916 × (1/1.08) × (1/1.08)
So, x = 2,500
Therefore, present number of employees = x = 2,500
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