If there is an 8.5% tax on a $30 sweater, what is the tax amount?
2 answers:
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Answer:
The number of subscription will be 26,655 in 2022.
Step-by-step explanation:
In 2005, the number subscription is 110,000 and it is decreased at a rate 8% per year.
After 1 year number of subscription is 110,000- 8% of 110,00
=110,000(1-8%)
After 2 years number of subscription is 110,000(1-8%) -8% of 110,000(1-8%)
=110,000(1-8%)(1-8%)
=110,000(1-8%)²
After 2 years number of subscription is 110,000(1-8%)² -8% of 110,000(1-8%)²
=110,000(1-8%)²(1-8%)
=110,000(1-8%)³
....
and so on.
After t year the number of subscription is
t= 2022-2005=17 years
≈26,655
The number of subscription will be 26,655 in 2022.