The table shows the number of software development projects handled by companies A and B from 2016 to 2020 (Government and Non-Government projects combined).
| Year | Company A | Company B |
|---|---|---|
| 2016 | 180 | 130 |
| 2017 | 230 | 320 |
| 2018 | 360 | 210 |
| 2019 | 250 | 190 |
| 2020 | 300 | 350 |
If the number of projects to be handled by Company A increases by 20 percent from 2020 to 2021 and by 5 percent from 2021 to 2022, then what will be the number of projects handled by Company A in 2022?
A378 ✓ Correct
B372
C396
D368
Correct answer: (A) 378
Explanation
The number of projects in 2022 is 378, so the answer is 378.
Company A handled 300 projects in 2020.
A 20 percent increase makes 2021 equal to 300 times 120 over 100, which is 360.
A further 5 percent increase applies to this 360.
So 2022 is 360 times 105 over 100.
That is 360 times 1.05.
That equals 378.
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