125k views
1 vote
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?

User Artorias
by
8.3k points

1 Answer

3 votes

solution;

Applying compound interest formula;


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

User Vince Varga
by
7.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories