Question

The number of subscribers to a web service is growing exponentially. If there were 100,000 subscribers initially and it grows by 2.4% per month, how many subscribers will there be after a year? Round your answer to the nearest whole number of subscribers.

Answer 1

280,000

Explanation:

Solve

Given: 100,000 subscribers increases by 2.4% per month

To find: After a year, how much will that be?

First step:

Find the increase of the subscribers per month

100,000 of 2.4%

Set up an equation

2.4/100 × 100,000/1

Cross multiply, cancel zeros in both 100,000 and 100. Which is equal to:

2.4/1 x 1,000/1 =

2,400

Second step: If it increases per month,

then to find the year, find out how many months is in a year:

12 months = 1 year

Now that has been figured out, multiply the result by the result in the first step:

12 × 2400 = 28.800

Therefore, the number of subscribers will be after a year