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You are the manager of the advertising division of the TLN group by what percentage would you need to increase your division year to revenue to reach 3 million in your 3

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X = current year's revenue
R = annual percentage increase
Then, at start of year 2, revenue is X*(100+R)
Then, at start of year 3, revenue is (X*(100+R))*(100+R)
Then, at start of year 4, revenue is ((X*(100+R))*(100+R))*(100+R)

So, what is the value of 'X' as specified in the problem statement?

Posted on May 10, 2014

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26=A (the A is the percentage of the this year)
so we make 26*100=3*A
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