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If the compan...

Question

If the company grows by $40 %$ every year, in which year will the company cross twice its original value?

year

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Cannot be determined

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None of these

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Solution

The correct option is B year
Let the original value of the company be x
Then after one year the value of the company will be 1.4x
And after $2^{n d}$ year the value will be $1.4 x^{*} 1.4 = 1.96 x .$
Hence in $3^{r d}$ year the value of the company will cross twice its original value.

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If the company grows by 40% every year, in which year will the company cross twice its original value?

The correct option is B yearLet the original value of the company be x Then after one year the value of the company will be 1.4x And after 2nd year the value will be 1.4x∗1.4=1.96x. Hence in 3rd year the value of the company will cross twice its original value.

If the company grows by $40 %$ every year, in which year will the company cross twice its original value?

The correct option is B year
Let the original value of the company be x
Then after one year the value of the company will be 1.4x
And after $2^{n d}$ year the value will be $1.4 x^{*} 1.4 = 1.96 x .$
Hence in $3^{r d}$ year the value of the company will cross twice its original value.