caseytaylor21 caseytaylor21

13-02-2017
Mathematics

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The number of customers that visit a local small business is 46,900 and has been continuously declining at a rate of 3.2% each year. What is the approximate number of customers that visit the business in 8 years?

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shrutikasansaria shrutikasansaria

13-02-2017

V=Vo (1-r/100)^n
V=46900(1-3.2/100)^8
V=46900(96.8/100)^8
V=46900*(.968)^8
V=36155.61
V=36155(approx)

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