Admissions into a commerce course of a university increase by 5% every year. If the number of admissions presently is 2400 into that course, after three years, the number of admissions is Nearest to an integer :
Answer & explanation
Correct answer: option 1
5% = \(\frac{1}{20}\)
ATQ ,
Number of Admission after 3 years = 2400 × \(\frac{21}{20}\) × \(\frac{21}{20}\) × \(\frac{21}{20}\)
= 2778.3
So , Answer is = 2778