The number of customers that visit a local small business is 51,200 and has been continuously declining at a rate of 3.8% each y
ear. What is the approximate number of
customers that visit the business in 14 years?
1 answer:
Answer:
Final amount of customers =30141.44
Step-by-step explanation:
Amount of customer remaining
A= p(1-r/n)^(nt)
P= initial amount of customers
R= rate but it's a negative rate
N= number of times
T= number of years
A= final amount of customers
A= p(1-r/n)^(nt)
A= 51200(1-0.038/14)^(14*14)
A= 51200(1-0.0027)^196
A= 51200(0.9973)^196
A= 51200(0.5887)
A= 30141.44
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