Alerts Wishlist Cart

If a national budget is increased by 10% each year, what will be the budget after 3 years if the current budget is $500 million?

Practice Questions

1 question
Q1
If a national budget is increased by 10% each year, what will be the budget after 3 years if the current budget is $500 million?
  1. $665.5 million
  2. $600 million
  3. $550 million
  4. $750 million

Questions & Step-by-step Solutions

1 item
Q
Q: If a national budget is increased by 10% each year, what will be the budget after 3 years if the current budget is $500 million?
Solution: Budget after 3 years = 500 * (1 + 0.10)^3 = 500 * 1.331 = $665.5 million.
Steps: 0

Related Questions

W
What is the value of π (pi) up to two decimal places?
Question: What is the value of π (pi) up to two decimal places?Options: 3.123.143.163.18Correct Answ..
A
A certain city has a population of 200,000. If the population decreases by 10% e
Question: A certain city has a population of 200,000. If the population decreases by 10% every year,..
W
What is the sum of the first five prime numbers?
Question: What is the sum of the first five prime numbers?Options: 28263024Correct Answer: 28Solutio..
W
Which of the following is a perfect square?
Question: Which of the following is a perfect square?Options: 15202530Correct Answer: 25Solution: 25..
W
What is the value of 2 raised to the power of 5?
Question: What is the value of 2 raised to the power of 5?Options: 3216648Correct Answer: 32Solution..
Biology (School & UG)
Biology (School & UG)
Chemistry (School & UG)
Chemistry (School & UG)
Civil Engineering
Civil Engineering
Commerce & Accountancy
Commerce & Accountancy
Computer Science & IT
Computer Science & IT
Current Affairs & GK
Current Affairs & GK
Data Structures & Algorithms
Data Structures & Algorithms
eBooks
eBooks
Electrical & Electronics Engineering
Electrical & Electronics Engineering
English (School)
English (School)
General Aptitude
General Aptitude
General Knowledge
General Knowledge
General Knowledge & Current Affairs
General Knowledge & Current Affairs
Languages & Literature
Languages & Literature
Law & Legal Studies
Law & Legal Studies
Major Competitive Exams
Major Competitive Exams
Mathematics (School)
Mathematics (School)
Mechanical Engineering
Mechanical Engineering
Medical Science
Medical Science
Physics (School & Undergraduate)
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Quantitative Aptitude & Reasoning
Social Science (School)
Social Science (School)
Technical
Technical
Verbal and Reasoning
Verbal and Reasoning
Vocational & Skill Development
Vocational & Skill Development
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely