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1 vote
The number of customers that visits a local small business is 29600 and has been continously declining at a rtae of 2.9% each year. What is the approx. number taht visit the business in 10 years?

A: 22,149
B: 21,874
C: 39,558
D: 22,054

User Aregnier
by
8.8k points

2 Answers

3 votes
A=pe^-rt
A=29,600×e^(−0.029×10)
A=22,148.6 round 22149
User Elliot Schrock
by
8.1k points
5 votes

Answer:

Option (D)

Explanation:

Total number of customers that visits a local small business= 29600

Declining rate= 2.9%

Time= 10 years

Number of visitors after 10 years= 29600(
(1-(2.9)/(100) )^(2))

Number of visitors after 10 years=
(1-0.029)^(10)

Number of visitors after 10 years= 29600
(0.972)^(10)

Number of visitors after 10 years= 22,054

Hence, the correct answer is 22054

Hence, the correct option is (D)

User Paolo Broccardo
by
8.2k points
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