The difference between the estimated subscription in Europe in 2008 and what it would have been if it were computed using the percentage growth rate of 2007 (over 2006), is closest to:
Explanation:
The estimated subscription revenue in Europe in 2008 = 605 million USD
The %growth rate in the revenue from 2006 to 2007 = 500-380380×100=619 × 100
∴ The compound subscription revenue in Europe in 2008 = 500 × 1+619
= 500 × 2519=1250019 ≈ 658
∴ The difference between the estimated and the computed values = 658 – 605 = 53
The closest value among the given options is 50.
Hence, option (a).
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