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Bingel [31]
3 years ago
7

David bought a chain of fast food restaurants that operated 200 stores in 2009. The number of restaurants has grown at a rate of

12% annually
Mathematics
1 answer:
Alina [70]3 years ago
5 0

Complete Question

David bought a chain of fast food restaurants that operated 200 stores in 2009. The number of restaurants has grown at a rate of 12% annually.how many stores does the restaurant operate in 2020?

Answer:

N_{11} \approx 749

Step-by-step explanation:

From the question we are told that:

Number of Fast Food Restaurants P=200

Number of years t=11yrs

Rate r=12%

Generally the equation for the Number of restaurant in operation in 2020 is mathematically given by

 N(t)=Pe^{rt}

Therefore

For t=11

 N_{11}=200*e^{0.12*11}

 N_{11}=748.7

 N_{11} \approx 749

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