=+10" The managing director of Curt ple is irritated that the supplier for the component widgets has recently increased prices by another 10 per cent following similar rises for each of the last five years. Based on the assumption that this pattern will continue, the cost of these widgets will be;

Points in time (yearly intervals)

1 2

3 4

5 Payments for widgets (£)

100,000 110,000 121,000 133,100 146,410