Bismuth83
Acme Company currently produces 7,500 circuit board units per year. Brown Company currently produces 8,000 circuit board units per year. The numbers of units produced by both companies are increasing each year at a constant rate. If each of these companies continues to produce an increased number of units annually at its constant rate, in 10 years both companies will produce the same number of units for the first time. After the 10-year mark, Acme Company will produce more units per year than Brown Company.
In the table below, identify the rates of increase, in annual units produced, for each company that together meet the performance projections given above. Select only one option in each column.
Solution:
No. of units produced by Acme company = 7500 circuit board units per year
No. of units produced by Brown company= 8000 circuit board units per year
It is also given that the number of units produced by both companies is increasing each year at a constant rate and in 10 years both companies will produce the same number of units for the first time. However, Acme Company will produce more units per year than Brown Company.
Let's assume that the rate of Acme company is x and the rate of Brown company is Y.
So, we have the equation 1 7500 + 10X for Acme company and 8000 + 10Y and we can equate both the equation so, we get x- y = 50. Now, we can look for the values for both by following this equation and it is also mentioned that the rate of Acme is greater than Brown So, the value for X is 100 and Y is 50 as our answer.