To calculate the total number of TVs produced at the end of the tenth year, we need to use the formula for geometric progression:
A = a * (r^n)
Where:
A = total number of TVs produced at the end of the tenth year
a = initial production (500 TVs)
r = common ratio (1 + 0.08 = 1.08)
n = number of years (10 years)
Plugging in the values:
A = 500 * (1.08^10)
A = 500 * 2.158924
A = 1079.462
Therefore, the total number of TVs produced at the end of the tenth year will be approximately 1079 TVs.
A TV manufacturer produces 500 TVs in its first year and plans to increase production by 8 percent each year for the next 10 years. How many total TVs will have been produced at the end of the tenth year? (1 point)
1 answer