Solve the following problem Geometric progression Q1. A company has developed an online application for smart mobile phones, the users who installed the app. in 2015 were 1640 users, and they increase by 20% each succeeding year. If the company gains on average annual revenue of OMR 12 per user. a) What is the total revenue gained until the end of the year 2020? b) After how many years from the beginning, the annual revenue of the company will reach about OMR 121853.4?
Solve the following problem Geometric progression Q1. A company has developed an online application for smart mobile phones, the users who installed the app. in 2015 were 1640 users, and they increase by 20% each succeeding year. If the company gains on average annual revenue of OMR 12 per user. a) What is the total revenue gained until the end of the year 2020? b) After how many years from the beginning, the annual revenue of the company will reach about OMR 121853.4?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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Question
Solve the following problem Geometric progression
Q1.
A company has developed an online application for smart mobile phones, the users who installed the app. in 2015 were 1640 users, and they increase by 20% each succeeding year. If
the company gains on average annual revenue of OMR 12 per user.
a) What is the total revenue gained until the end of the year 2020?
b) After how many years from the beginning, the annual revenue of the company will reach
about OMR 121853.4?
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