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    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.
    A 2028 Correct Answer Incorrect Answer
    B 2330 Correct Answer Incorrect Answer
    C 2530 Correct Answer Incorrect Answer
    D 2500 Correct Answer Incorrect Answer

    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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