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Production Equation

Age 16 to 18
Challenge Level Yellow starYellow star
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Taking $X_n$ as the amount of stock at the end of week $n$, you need to solve the difference equation (recurrence relation) $$X_{n+1} = X + (1 - {p\over 100})X_n$$ Put $X_n = Y_n - C$ then choose $C$ such that $$Y_{n+1} = (1 - {p\over 100})Y_n$$ and consider the values of this expression for $Y_n, Y_{n-1}, Y_{n-2}, ... Y_1, Y_0$.

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The NRICH Project aims to enrich the mathematical experiences of all learners. To support this aim, members of the NRICH team work in a wide range of capacities, including providing professional development for teachers wishing to embed rich mathematical tasks into everyday classroom practice.

NRICH is part of the family of activities in the Millennium Mathematics Project.

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