Question

A new social media site is increasing its user base by approximately 5% per month. If the site currently has 27,870 users, what will be the approximate user base be 6 months from now?

Answer 1

35,570

Explanation:

solution 1 - Multiply by 5%, 6 times. Easter to calculate without a calculator, long process.

1. 27870*1.05= 29,263.5

2. 29263.5*1.05=30726.675

3.repeat

4.repeat

5.repeat

6.repeat

if it's hard for you to multiply by 1.05, you can always divide by 20 or divide by 10 then by 2 (like the below)

1. 27870÷10= 2,787

2. 2787÷2= 1393.5

3. 27870+1393.5 = 29263.5

solution 2 -Fast but probably needs a calculator

1. 27870*1.05^(5)= 35570

1.05 = monthly increase

power of 5 = ^(5) = 6 months - 1 = 5

Answer 2

37,349

Explanation:

month 1

27870 x .05 = 1394

27870 + 1394 = 29264

month 2

29264 x .05 = 1463

29264 + 1463 = 30727

month 3

30727 × .05 = 1536

30727 + 1536 = 32263

month 4

32263 x .05 = 1613

32263 + 1613 = 33876

month 5

33876 x .05 = 1694

33876 + 1694 = 35570

month 6

35570 x .05 = 1779

35570 + 1779 = 37349