Membership in an art club is expected to grow by about 4% per month. Currently, there are 350 members in the club. In about how many months will membership reach 500 members?

A. 9 months

B. 12 months

C. 14 months

D. 20 months

Question

2 November, 01:48

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Answers (1)

Know the Answer?

Raegan Burke · Answer 1

500=350 (1+0.04/12) ^12x

Solve for x

500/350 = (1+0.04/12) ^12x

X = (Log (500/350) / log (1+0.04/12)) / 12

X=9 months

Membership in an art club is expected to grow by about 4% per month. Currently, there are 350 members in the club. In about how many months will membership reach 500 members?A. 9 monthsB. 12 monthsC. 14 monthsD. 20 months