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A Company Is Downsizing and Expects the Number of Employees

Question 48

Essay

A company is downsizing and expects the number of employees to shrink at the rate of 3% per month.Currently the company employs 30,000 people.
(a)How many people are expected to be employed with this company in 1 year?
(b)Use a graphing calculator to predict the number of months until the number of employees will be half its current size.

Correct Answer:

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(a)20,815 ...

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