Question

Total employment for metal workers in 2019 is projected to be 210,000. If this is a 5% increase from 2009, approximately what was the total employment in 2009?

Answer 1

200,000

Explanation:

To solve this, you can divide the 2019 total projected employment (210,000) by 1 + the growth rate (.05) to find the 2009 total employment.

210,000 / (1 + .05) = 200,000

I hope this helps!

-TheBusinessMan