Question

A factory produces 10,000 cars a year if the production is increased by 5% per annum how many cars will be produced after five years

Answer 1

ANS-

Formula for compound interest=

$p(1 + \frac{r}{100} {)}^{n}$

=

$10000(1 + \frac{5}{100} {)}^{5}$

$\frac{10000 \times 105 \times 105 \times 105 \times 105 \times 105}{100 \times 100 \times 100 \times 100 \times 100}$

=12,762

Hope it helps