Question

The number of employees working for Sprockets R Us in 2005 was 8110, with an expected decrease of 0.5% per year. At the rate of decrease given, what is the expected number of employees working at Sprockets R Us in 2006? Round your answer to the nearest integer.

Answer 1

The expected number of employees working at Sprockets R Us in 2006 will be 8069.45.

What are percentages?

The Percentage is defined as representing any number with respect to the 100. It is denoted by the sign %.

Given that:-

The number of employees working for Sprockets R Us in 2005 was 8110, with an expected decrease of 0.5% per year. At the rate of decrease given, what is the expected number of employees working at Sprockets R Us in 2006?

The number of the employees in 2006 will be calculated as:-

Number of employees decreased   = 0.5% x 8110

Number of employees decreased   = (0.5/100) x 8110

Number of employees decreased   = 40.55

The number of the employees in 2006 will be

N = 8110 - 40.55 = 8069.45

                                                                       

Therefore the expected number of employees working at Sprockets R Us in 2006 will be 8069.45.

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