Question

In 2012. 800,000 people attended the county fair. The attendance increases by 3% per year. Which function represents the attendance tyears

after 20122
Ob
Ос
y - 800,000(1+3)
y - 800,000(0.97)
y = 800,000(1.03)
y=800,000(1-3)
Od

Answer 1

y = 800,000[1.03]

Explanation:

Given:

Number of people attend 2012 country fair = 800,000

Attendance increases = 3% per year

Find:

Function represents attendance after 2012

Computation:

A = P[1+r]ⁿ

Assume;

Number of people attend country fair after 2012 = y

So,

y = 800,000[1+3%]¹

y = 800,000[1+0.03]

y = 800,000[1.03]

Function represents attendance after 2012 is y = 800,000[1.03]