A marathon takes place each year.In 2020 there were 6500 runners.Does this predict that in 2023 there will be more than 7500 run

Question

3 years ago

15

A marathon takes place each year.In 2020 there were 6500 runners.Does this predict that in 2023 there will be more than 7500 run

ners? { Prediction : For each of the next 3 years the number of runners will increase by 5% } Does this predict that in 2023 there will be more than 7500 runners?

Mathematics

1 answer:

777dan777 [17] · Answer 1 · 2022-04-11T08:51:17+03:00

777dan777 [17]3 years ago

5 0

Answer:

yes

there would be 7525 runners

Step-by-step explanation:

The formula for calculating future value:

FV = P (1 + r) n

FV = Future value

P = Present value

R = interest rate

N = number of years

6500 x (1.05)^3 = 7525 runners