Question

In 2004 a certain oil company spent sh 1740000 on crude oil import .This was a 20%increase 0ver the money on crude oil import in 2003.

a) How much did the company spend on crude oil import in 2003.
b)What was the difference in the money spent on crude oil import in the two years?​

Answer 1

a = 1,450,000

b = 290,000

Explanation:

A: 1,740,000 = x*1.20

1,740,000/1.2 = x1.20/1.20

1,450,000 = x

B: 1,740,000 - 1,450,000 = 290,000