The total number of TVs produced each year can be calculated using the formula:
Total = Initial production * (1 + growth rate)^number of years
For this scenario:
Initial production = 500
Growth rate = 8% or 0.08
Number of years = 10
Total = 500 * (1 + 0.08)^10
Total = 500 * (1.08)^10
Total = 500 * 2.159
Total = 1079.5
Therefore, the total number of TVs produced at the end of the tenth year will be approximately 1079.5.
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) Responses 8,949 8,949 6,856 6,856 5,687 5,687 7,243 7,243
1 answer
1 answer