Porisma

A hint to get started

Remove grain before growth and retain the exact supply bound

A grain facility holds 1000010000 bushels at the end of December 2013. Insurance pay-outs purchase extra grain, increasing the stock by 2%2\% before the end of every month.

(a) Find the stock at the end of December 2014. mark

(b) During January–December 2014 the facility supplies x bushels to a laboratory each month, before the 2%2\% addition.

(i) For x=100x=100, show the end-March stock is 10299.910299.9 bushels to 1 d.p. marks

(ii) Find the maximum monthly supply. marks

[2014/HCI/Promo/6]

CJC · Review problems · Question 21

Subtract the research supply before applying the monthly growth factor.

Read the worked solution