The company redesigns the range so that, instead of a constant difference, the volume increases by a fixed percentage
p% each time. The smallest tank remains
500 litres, and the volume of the
12th tank equals the volume of the
12th tank in the original arithmetic design.
(i) Find the value of
p, correct to
3 significant figures. [3 marks]
(ii) Calculate the total volume of the first
12 tanks in the percentage-increase design, and hence determine whether it is greater than, less than, or equal to
9300 litres.
[4 marks]