SOLUTION: Starting in the year 2012, the number of speeding tickets issued each year in Middletown is predicted to grow according to an exponential growth model. During the year 2012, Middle

Algebra ->  Finance -> SOLUTION: Starting in the year 2012, the number of speeding tickets issued each year in Middletown is predicted to grow according to an exponential growth model. During the year 2012, Middle      Log On


   

Question 1201104: Starting in the year 2012, the number of speeding tickets issued each year in Middletown is predicted to grow according to an exponential growth model. During the year 2012, Middletown issued 210 speeding tickets (P0=210). Every year thereafter, the number of speeding tickets issued is predicted to grow by 10%.
If Pn denotes the predicted number of speeding tickets during the year
2012 + n, then
Write the recursive formula for Pn
Pn= ___ * Pn-1
Write the explict formula for Pn
Pn=
If this trend continues, how many speeding tickets are predicted to be issued in 2029?
____ tickets
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
P%5Bn%5D=210%2A1.10%5En, the exponential model equation; n is number of years after 2012.