Question

Someone help me with this pls

Solve the equation of exponential decay.

A website had 342,000 hits in 2011. This is a decline of 2.3% from the previous year. Assuming this continued how many hits would the website get in 2019? Round to the nearest thousand.

Answer 1

There will be approx 283908 hits.

Explanation:

A website had 342,000 hits in 2011.

This is a decline of 2.3% from the previous year.

Decline rate = 2.3% or 0.023

So, increase rate will be
`1-.023=0.977`

Time =
`2019-2011=8`

We can calculate the answer as:

`342000*(0.977)^(8)`

=
`342000*0.83014`

= 283907.88 rounding to 283908.

Therefore, there will be approx 283908 hits.