SOLUTION: A factory increases the production of cars annually by 5%. If presently it manufactures 370,000 cars per year, how many cars will it manufacture per year after 3 years?

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Question 251451: A factory increases the production of cars annually by 5%. If presently it manufactures 370,000 cars per year, how many cars will it manufacture per year after 3 years?
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
370,000(1+.05)^3
370,000(1.05)^3
370,000*1.1576=$428,321 ans.