The number of customers visiting a local business is 48,961 and has been continuously declining at a rate of 2.5% each year. what is the approximate number of customers in 13 years?

Question

Jan Soto

Mathematics

11 June, 20:03

The number of customers visiting a local business is 48,961 and has been continuously declining at a rate of 2.5% each year. what is the approximate number of customers in 13 years?

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Answers (2)

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Jaxson Pierce · Answer 1

It would be approximately 35 thousands after 13 years

Brianna Stokes · Answer 2

A = P (1 - rate in %) ⁿ, where P is the initial number of population, rate is the depreciation per year (here it's negative since the population decreases and n the number of years

P = 48,961

Rate = 2.5% or 0.025

n = 13 years.

A = 48961 (1-0.025) ¹³

A = 48961 (0.97) ¹³ = 35,230

A =