Question

Attendance is decreasing at a rate of 0.5% per year. If there are 1200 people attending now how many will be attending in 4 years?

Answer 1

Answer: There will be approximately 1154.6 people attending.

Explanation:

To find out how many people will be attending in 4 years, we can use the formula:

Attendance(future) = Attendance(current) * (1 - rate)^time

Where:

Attendance(current) = 1200 people

Rate = 0.5% (as a decimal = 0.005)

Time = 4 years

So, Attendance(future) = 1200 * (1 - 0.005)^4

Attendance(future) = 1200 * 0.99^4 = 1200 * 0.9605 = 1154.6 people

So, in 4 years, there will be approximately 1154.6 people attending.