SOLUTION: Can you please help me solve this? I got 915,000 as an answer. Thank you. A factory increases the production of cars annually by 5%. if presently, it manufactures 610,000 cars

Question 631087: Can you please help me solve this? I got 915,000 as an answer. Thank you.
A factory increases the production of cars annually by 5%. if presently, it manufactures 610,000 cars per year, how many cars will it manufacture per year after 3 years
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A factory increases the production of cars annually by 5%. if presently, it manufactures 610,000 cars per year, how many cars will it manufacture per year after 3 years
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# of cars = 610,000*1.05^3 = 706,151.25
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Cheers,
Stan H.
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