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Nat2105 [25]
3 years ago
5

Since 2006​, the amount of money spent at restaurants in a certain country has increased at a rate of 4​% each year. In 2006​, a

bout ​$500 billion was spent at restaurants. If the trend​ continues, about how much will be spent at restaurants in 2016​?
Mathematics
2 answers:
Kobotan [32]3 years ago
7 0
For this case we have the following exponential function:
 y = A (b) ^ x
 Where,
 A: initial amount
 b: growth rate
 x: time in years
 Substituting the values we have:
 y = 500 (1.04) ^ 10
 y = 740.1221425
 Rounding:
 y = $ 740 billion
 Answer:
 It will be spent at restaurants $ 740 billion in 2016
Ray Of Light [21]3 years ago
4 0

Answer:

750 billion

Step-by-step explanation:

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