SOLUTION: A company produces 160 items in week 1 of production. The rate drops by 3% each week thereafter. What is the total output in 52 weeks? How many cars will be produced in the 2nd

Question 864083: A company produces 160 items in week 1 of production.
The rate drops by 3% each week thereafter.
What is the total output in 52 weeks?
How many cars will be produced in the 2nd year?
I am totally stuck on this question at the minute so any help would be greatly appreciated. Thanks D.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
A company produces 160 items in week 1 of production.
The rate drops by 3% each week thereafter.
a) What is the total output in 52 weeks?
b) How many cars will be produced in the 2nd year?

f=160*(1 - .97^52)/(1 - .97),
s=160*(1 - .97^104)/(1 - .97)
s-f=o
a) What is the total output in 52 weeks?
a) first year=4239.05,
b)
two years=5108.81
b) How many cars will be produced in the 2nd year?
==second year=869.759 ,
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