100 POINTS!!! Please solve this question step by step and explain each step for 100 points.
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A function that gives the amount that the plant earns per man-hour t years after it opens is
Given that
A manufacturing plant earned $80 per man-hour of labor when it opened.
Each year, the plant earns an additional 5% per man-hour.
Need to write a function that gives the amount A(t) that the plant earns per man-hour t years after it opens.
Amount earned by plant when it is opened = $80 per man-hour
As it is given that each year, the plants earns an additional of 5% per man hour
So Amount earned by plant after one year = $80 + 5% of $80 = 80 ( 1 + 0.05) = (80 x 1.05)
Amount earned by plant after two years is given as:
Similarly Amount earned by plant after three years
Hence a function that gives the amount that the plant earns per man-hour t years after it opens is