Solve the problem.
-A company's expenses included many factors. In 2012, travel costs were 2.97% of the expense budget , increasing by 0.21% of the total expense budget per year. In 2012, office supplies were 5.80% of the expense budget, increasing by 0.03% of the total expense budget per year. In which year will the cost of travel expenses and office supplies be the same? For that year, what will be the cost of each expense as a percentage of the total expense budget?
A) 2030; 6.8
B) 2028; 6.3
C) 2027; 6.1
D) 2026; 5.9
Correct Answer:
Verified
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