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Total employment for sheet metal workers in 2016 is projected to be 201,000. If this is a 6.3% incr...
4 months ago
Q:
Total employment for sheet metal workers in 2016 is projected to be 201,000. If this is a 6.3% increase from 2006, approximately what was the total employment in 2006?a.214,000b.188,000c.195,000d.189,000
Accepted Solution
A:
201,000 = (2006 employment) +6.3%*(2006 employment)
201,000 = (2006 employment)*(1.063)
201,000/1.063 = (2006 employment) β 189,087 . . . . . matching selection D