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by msd_2008 » Tue Dec 09, 2008 2:12 am
To solve this question we can consider the company assets as follows

1992 = 100, 1993 = 500 (since it is 400% greater than in 1992) and 1994 = 2000 (since it is 500% greater than in 1993)

Now, we are told that the company assets in 1992 are 100. Hence, for 1994 we will have 2000/100 *N = 20N

Hope this helps

Regards
MSD
When the going gets tough, the tough gets going.
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Senior | Next Rank: 100 Posts
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by hwiya320 » Tue Dec 09, 2008 7:08 am
The trick to these problems are wording. Don't mis-understand the question when it comes to % greater than, % of.. etc.

I had missed so many questions because it simply ignored the wording of these questions.
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