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Showing posts from January, 2014

An energy company uses exponential power.

Question  In Rabbit city, Mr Fox generates electricity energy. One day, Mr Fox realized there is no one else generates the energy. So he decided  raise the price every year for 30 years since that year he retire. He met his uncle, who is working for the city hall. Mr Fox said his uncle, ``I would like to raise the price 10 Euro for currently 100 Euro paying rabbit.'' His uncle answered, ``It seems you don't know about economy. You should say, I will raise 10 % every year.'' Which statement of following is correct? Mark all apply. It's same raise when you start 100 Euro and 10 Euro every year and when you start 100 Euro and 10% raise every year. Since 10% of 100 Euro is 10 Euro. Therefore, 30 years later, how much raise the price is 10 * 30 = 300, and plus original price 100 = 400. It becomes 400 Euro after 30 years. Mr. Fox's uncle is correct. 30 years later, 10% every year raise is twice as much as 10 Euro each year's raise. The raised cost is a