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Hello sir, hope u r well.
In the answer sheet, under salaries and other payments. Pls elaborate on how the percentages of 8.5,9.4 ,4.1 were calculated in the first paragraph?
Thank you.
I believe that the key expression in the question that you may not have correctly interpreted is:
“forecast to rise during the forecast period” with the emphasis on forecast period!
Between 2016 and 2018 revenues will rise from 27,985 to 30,350 and that’s a forecast increase of 2,375 = 8.49%
Similarly, between 2016 and 2018 payments will rise from 21,575 to 23,600 and that’s a forecast increase of 2,025 = 9.39%
Again, between 2016 and 2018 salaries and operating payments will rise from 6,275 to 6,530 and that’s a forecast increase of 255 = 4.06%
OK?
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