SOLUTION: 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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Question 647924: 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) About Me  (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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start: 610,000
after 1 year: 1.05*610,000
after 2 yrs: 1.05^2*610,000
after 3 yrs: 1.05^3*610,000 = 706151.25 cars
Round down to 706,151
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Cheers,
Stan H.
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