Question

A new fitness center had 350

members in its first year. The

number of members increased by

14% each year thereafter. Find

the approximate number of

members after 8 years.

A) 929

Mr. Olson

B) 941

Mrs. Freeman

C) 955

Ms. Newton

D) 972

Mr. Watson

E) 998

Mrs. Caldwell

Answer 1

E) 998

Explanation:

Members in the first year (p) is 350.

Each year members increased by (r) 14%.

We need to find the number of members after (t) 8 years.

Total members = P (1 + r)^t

= 350 ( 1 + 0.14)^8 = 998 members

So, the answer is E) 998