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Algebra

consider the following time series for anual sales of a company, for four years and find the average rate of change per year in sales . Rs.10,000, Rs.8,000, Rs.12,000 and Rs.15,000

Profile image of chode kiran
15 Years agoGrade
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1 Answer

Profile image of Aman  Bansal
15 Years ago

dear student,

first of all we will calculate rate of change for consecutive years and then take their average to find the average rate of change per year,

=>  (-2000 + 4000 + 3000 )/3

=> 5000/3 per year,

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