Asked by Jose
Mr. Smith currently produces 45,000 bushels of potatoes a year.
He Can increase his harvest by an average rate of 3% annually.
How many years will it take until he can produce 50,000 bushels per year?
He Can increase his harvest by an average rate of 3% annually.
How many years will it take until he can produce 50,000 bushels per year?
Answers
Answered by
Reiny
45000(1.03)^n = 50000
1.03^n = 1.1111...
n log 1.03 = log 1.111..
n = 3.5644..
about 3 1/2 years
1.03^n = 1.1111...
n log 1.03 = log 1.111..
n = 3.5644..
about 3 1/2 years
There are no AI answers yet. The ability to request AI answers is coming soon!