Question

A telecommunications company in a small town had 450 phone subscribers before they introduced a plan for newly joining members. The company recorded an approximate 50% increase each month in the number of new phone subscribers, where they had one new subscriber at the start of the plan. The number of phone subscribers x months after the plan was launched is modeled by the function below.

Answer 1

450 x (1 + 0.5) ^ X = Phone subscribers

Explanation:

Since a telecommunications company in a small town had 450 phone subscribers before they introduced a plan for newly joining members, and the company recorded an approximate 50% increase each month in the number of new phone subscribers, where they had one new subscriber at the start of the plan, to determine the number of phone subscribers x months after the plan was launched, the following function must be considered and solved:

450 x (1 + 0.5) ^ X = Phone subscribers

So, for example, in 3 months, the number of subscribers would be the following:

450 x (1 + 0.5) ^ 3 = 1,518.75

Thus, in 3 months, the company would have 1,518 subscribers.