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A sugar manufacturing company started production in the year 2012. At that year, it produced 40000 tons. Its goal was to increase production each subsequent year by 5% of its production of the previous year. a) Determine the production of the year 2019. b) What is the total production until the end of the year 2018? c) When will the annual production reach about 56284 tons per year?

A sugar manufacturing company started production in the year 2012. At that year, it produced 40000 tons. Its goal was to increase production each subsequent year by 5% of its production of the previous year. a) Determine the production of the year 2019. b) What is the total production until the end of the year 2018? c) When will the annual production reach about 56284 tons per year?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A sugar manufacturing company started production in the year 2012. At that year, it produced 40000 tons. Its goal was to increase production each subsequent year by 5% of its production of the previous year. a) Determine the production of the year 2019. b) What is the total production until the end of the year 2018? c) When will the annual production reach about 56284 tons per year?
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