Question

The number of members in the biking club was 32 in 2000 and has increased by 15% each year. Which model shows the club's membership in terms of t, the number of years since 2000?

Answer 1

solution;

Applying compound interest formula;

`p(1+R\%)^n`
`\begin{gathered} 32(1+15\%)^t \\ 32(1.15)^t \end{gathered}`