A community for students. Sign up today!
Here's the question you clicked on:
 0 viewing
 one year ago
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?
 one year ago
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?

This Question is Closed

raimelgarcia5
 one year ago
Best ResponseYou've already chosen the best response.0pleaseee help!.... im doing an exam now... i dont get this one :/

raimelgarcia5
 one year ago
Best ResponseYou've already chosen the best response.0@Luis_Rivera @KonradZuse

KonradZuse
 one year ago
Best ResponseYou've already chosen the best response.0No cheating n exams... sorry...

raimelgarcia5
 one year ago
Best ResponseYou've already chosen the best response.0I'm not cheating.. its not an exam... its a practice for exam.. and I dont get hwo to do that... come on.. please a lil help would be appreciated... like, explain.. dont do it... please

raimelgarcia5
 one year ago
Best ResponseYou've already chosen the best response.0I dont know which formula to use... if the compound interest function, or the continuous change function

KonradZuse
 one year ago
Best ResponseYou've already chosen the best response.0You have some # 48k. you want 2.5% continously....

raimelgarcia5
 one year ago
Best ResponseYou've already chosen the best response.0well: A = 48961e^(0.975*13) ?? is that right? (I dont know if the percent is?

raimelgarcia5
 one year ago
Best ResponseYou've already chosen the best response.0then: A= 48961e^12.675 A= 48961*319655.78 A= 15650666514.54 (U see, this is soooo not right!) :/

KonradZuse
 one year ago
Best ResponseYou've already chosen the best response.0where doyou get .975?

raimelgarcia5
 one year ago
Best ResponseYou've already chosen the best response.0(10.025) because is depreciating right? and its 2.5%

KonradZuse
 one year ago
Best ResponseYou've already chosen the best response.0I have no idea honestly....

raimelgarcia5
 one year ago
Best ResponseYou've already chosen the best response.0:_( thanks though! @AriPotta @Agent_Sniffles @abb0t @andriod09 @Alyx_da_Boss @bloodrain

KonradZuse
 one year ago
Best ResponseYou've already chosen the best response.0@dpaInc any idea on this one? @TuringTest

Dunce
 one year ago
Best ResponseYou've already chosen the best response.0I can think of a long way to do it. 48961 (0.025*48961)=A(customer base after 1 year) A(0.025*A)=B(customer base after 2 years) B(0.025*B)=C(3 years.....) and so on. There is probably an easier way to solve this with n! or something, but I don't know off hand.

dpaInc
 one year ago
Best ResponseYou've already chosen the best response.1^^ that's basically the way to do it Since it's continuously declining, you can also use: \(\large y=Ce^{kt} \) where C is your initial number of customers and k = 0.025. Plug in t=13 and you should get 35375.66
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.