Question

A publishing industry report predicts that magazine subscriptions will drop by 7% each year. If this prediction is correct, then how many subscribers will a magazine with 93,800 subscribers have in 4 years? If necessary, round your answer to the nearest whole number.

Answer 1

71,150

Explanation:

take seven percent of the subscribers and subtract it from the subscribers of the year before.

the start 93 800

loss 6,566

year 1: 87,212

loss 6,104.04

year 2: 81,107.16

loss 5.677.5012

year 3: 75,429.6588

loss 5,280.076116

year 4: 70,149.58

rounds up to 71,150

make sure to round the decimal at the very end, if you don't you will get a different answer