The production of a mixi company in 1996 was 8000 mixies. Due to increase in demand it increases its production by 15% in the next two years and after two years its demand decreases by 5%. What will be its production after 3 years?

Explanation

The production of mixi company in `1996=8000` mixies
Production growth rate in next 2 years =`15%`
Decrease rate in 3rd year=`5%`
We know,
`A=P(1+R/100)`
Let the required production be x.
`x=P(1+15/100)(1+15/100)(1 -5/100)`
x=`10051`.