Hi
I'm confused on the working 2 of this question relating to the additions part. We are told that additions increase by 20% of the previous year's additions and goes on to give the answers of 79, 95 & 114. Yet in the F.S of the question it shows additions as 66.
How have the 79, 95 and 114 figures been reached?
Thanks
Emma
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Q19 BPP practice kit Kodiak Company 12/09
12y ago#1If last year was 66, then next year will be 66 + (20% x 66) = 79
The following year will be 79 + (20% x 79) = 95
And so on.... :-)
Thank you!
Seems so simple now ….clearly a case that I was trying to over think too much there..
12y ago#3You are welcome :-)
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