The linear trend equation developed for the annual sales Y (in Rs lakhs) of ABC Manufacturing Company is Y = 500 + 6t, where t is in years. By how much are sales increasing per year?
Rs 6,00,000
The linear trend equation is given by Y = 500 + 6t. Here, 't' represents the number of years, and the coefficient of 't' (which is 6) represents the increase in sales per year in lakhs. Therefore, the sales are increasing by Rs 6 lakhs per year. Converting this to Rupees, we get Rs 6,00,000.
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