SOLUTION: The number of customers visiting a local business is 48961 and has been continuously declining at the rate of 2.5 percent each year. What is the approximate number of customer in 1

SOLUTION: The number of customers visiting a local business is 48961 and has been continuously declining at the rate of 2.5 percent each year. What is the approximate number of customer in 1

Algebra.Com

Question 1096418: The number of customers visiting a local business is 48961 and has been continuously declining at the rate of 2.5 percent each year. What is the approximate number of customer in 13 years?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
It will be 48961(.975)^13
the .975 is the decline of 2.5%
=35,230, rounded.
RELATED QUESTIONS
The number of customers that visit a local small business is 37,800 and has been... (answered by JBarnum)

The number of customers that visit a local small business is 37,800 and has been... (answered by lwsshak3)

Your company’s new series ” Avocado Comedy Hour “has been a complete flop, with... (answered by CPhill)

Ridership on a small regional airline has been declining, approximately at a linear... (answered by CPhill)

A city has been declining in population for the last 50 years. In the year 2000, the... (answered by josgarithmetic)

Sally�s Beauty Salon just opened for business. Sally assigns the stylists customers on a... (answered by stanbon)

Click here to see ALL problems on Miscellaneous Word Problems Question 874204: A city... (answered by rothauserc)

A sample of purchases at the local convenience store has resulted in the following sample (answered by stanbon)

A sample of purchases at the local convenience store has resulted in the following sample (answered by MathLover1)