A FACTORY INCREASES THE PRODUCTION OF CARS ANNUALLY BY 8%. IF PRESENTLY IT MANUFACURES 211,000 CARS PER YR, HOW MANY CARS WILL IT MANUFACTURE PER YR AFTER 4 YRS...

i BELIEVE THE ANSWER IS 287063 BUT IM UNSURE OF THE FORMULA... COULD YOU PLEASE SHOW FORMULA THAT NEEDS TO BE USED AND IF THIS IS CORRECT

IT'S OKAY MY CAPS LOCK IS BROKEN TOO

what? My cap is not broken...i just want the answer

<g> Jake assumed that your caps lock was broken because using all caps is considered to be shouting and rude.

oh...sorry... I thought that was in conversations only...not questions

To calculate the number of cars the factory will manufacture after 4 years, you can use the formula for compound interest.

The formula for compound interest is:

A = P * (1 + r)^n

Where:
A = the final amount
P = the initial amount
r = the increase rate (as a decimal)
n = the number of years

In this case, the initial amount (P) is 211,000 cars and the increase rate (r) is 8% or 0.08. We need to find the final amount after 4 years (n = 4).

Substituting these values into the formula:

A = 211,000 * (1 + 0.08)^4
A = 211,000 * (1.08)^4
A = 211,000 * 1.36048704
A ≈ 287,059.94

Therefore, after 4 years, the factory will manufacture approximately 287,060 cars per year. So your answer of 287,063 is close but just a bit off due to rounding.