Question

The number of employees working for Widget Wonders in 2005 was 13,002, with an expected decrease of 5.9% per year. At the rate ofdecrease given, what is the expected number of employees working at Widget Wonders in 2006? Round your answer to the nearestinteger.

Answer 1

We will solve as follows:

First, we determine the 5.9% of 13002, that is:

`x=(13002\cdot5.9)/(100)\Rightarrow x=767.118`
`\Rightarrow x\approx767`

Now, we calculate the approximate number of employees on 2006:

`E_(2006)\approx13002-767\Rightarrow E_(2006)\approx12235`

So, the number of employees on 2006 will be approximately 12235.