The car dealer sold 100 cars in his first year.
To calculate how many cars he will sell in each subsequent year, we will use the formula:
Number of cars sold in a given year = Number of cars sold in the previous year * 1.10
Year 1: 100 cars
Year 2: 100 * 1.10 = 110 cars
Year 3: 110 * 1.10 = 121 cars
Year 4: 121 * 1.10 = 133.1, which we'll round down to 133 cars
Year 5: 133 * 1.10 = 146.3, which we'll round down to 146 cars
Therefore, after 5 years, the car dealer will have sold 100 + 110 + 121 + 133 + 146 = 610 cars.
So, the correct answer is: 610
A car dealer sold 100 cars in his first year and plans to increase his sales by 10 percent each year for the next 5 years. How many cars will he have sold at the end of his fifth year?(1 point) 610
920
725
1245
1 answer