Question

The yearly attendance at a local restaurant is 42,400 Grows continuously at a rate of 4.1% each year what is the approximate attendance at the restaurant in 21 years

Answer 1

Approximate attendance in 21 years = 98,600

Explanation:

yearly Attendance = 42,400

Growth rate = g = 4.1%

No. of years = n = 21

Approximate attendance in 21 years = attemdance (1+g)^n

= 42400*(1+0.041)^21

= 42400* 2.325

=98580

=98600 (Rounded off to the nearest hundreds)

Answer 2

the answer is mathematically the product of 36,506.4