document.write( "Question 611686: The number of customers that visit a local small business is 37,800 and has been continuously declining at a rate of 1.7% each year. What is the approximate number of customers that visit the business in 12 years? \n" ); document.write( "

Algebra.Com's Answer #385116 by lwsshak3(11628) $\"\"$ $\"About$

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The number of customers that visit a local small business is 37,800 and has been continuously declining at a rate of 1.7% each year. What is the approximate number of customers that visit the business in 12 years?
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\n" ); document.write( "Use following compounding formula: A=Pe^rt, P=initial amt, r=annual rate of growth or decline, A=amt after t years.
\n" ); document.write( "37800=Pe^.017t
\n" ); document.write( "P=37800/e^.017*12≈30824
\n" ); document.write( "ans:
\n" ); document.write( "Approximate number of customers that visit the business in 12 years≈30824 \n" ); document.write( "

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