A manufacturer producing a new product, estimates the annual sales to be 9,200 units. Each year, 8% of the units that have been

Question

A manufacturer producing a new product, estimates the annual sales to be 9,200 units. Each year, 8% of the units that have been sold will become inoperative. So, 9,200 units will be in use after 1 year, [9,200+ 0.92(9,200)] units will be in use after 2 years, and so on. How many units will be in use after n years?

Kunduz · Accepted Answer

Click to see the answer