Answer:
9572 visitors
Step-by-step explanation:
This is exponential: y=ab
a = initial value
b = growth rate
It will grow by 5% each year but also keep the same amount as last year (100% of last year's visitors)
a = 7500
b = 1.05
Plug in x=5
9572.111719 = 9572 visitors
Answer:
=250(1.025)∧4t
Step-by-step explanation:
Using the compound interest formula we can find the expression for the total amount that accumulates in the given time t.
A=P(1+R/n)ⁿᵇ
where A is the amount, P the principal amount, R the rate as a decimal n is the number of times it is compounded and b the time.
When compounded annually, the expression becomes
A=250(1.1)∧t
When compounded quarterly, we introduce the n in our expression.
A=250(1+0.1/4)∧4t
=250(1.025)∧4t
Ratio tables show equivalent ratios between two quantities. You can create a ratio table by multiplying (or dividing) both quantities in the ratio by the same value to find an equivalent ratio.
