SOLUTION: 5 % increase each day in production over 20 days --- what is total production increase for those 20 days if the production start number is 20 units

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Question 824245: 5 % increase each day in production over 20 days --- what is total production increase for those 20 days if the production start number is 20 units
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
A = P(1+r)^t

A = 20(1+0.05)^20

A = 20(1.05)^20

A = 20(2.6532977)

A = 53.065954

So there now 53 units. The increase is 53 - 20 = 33 units.