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2 September, 21:16

Suppose a company's revenue increased by 12.3% over the previous year. assuming this trend continues, which expression could the company use to approximate the percent increase in revenue through a certain number of months, m?

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  1. 2 September, 21:45
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    If the company's trend increases by 12.3% over the previous year and this is bound to continue then the percentage increase through a given number of months will be given by:

    (1 + 0.123) ∧m/12

    we get (1.123) ∧m/12

    Simplifying the expression we get (1.123) ∧ (1/12) m

    Evaluating (1.123) ∧ (1/12) we get 1.00971

    Therefore, the expression to represent monthly percentage increase will be

    (1.00971) ∧m
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