Question
109. If the town's population was 62,000 at the end of year 5,and the population grew at the same annual rate as the number ofeating
109. If the town's population was 62,000 at the end of year 5,and the population grew at the same annual rate as the number ofeating establishments between the end of year 1 and the end of year5, what was the town's population at the end of year 1?
A. 49,809
B. 51,435
C. 53,230
D. 54,330
E. 56,730
why the answer is A , and give the process
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
