SOLUTION: "a social media website had 700 000 followers in 2009. The number y of followers increases by 6% each year. a) write an exponential growth function that represents the number of fo

Algebra ->  Coordinate-system -> SOLUTION: "a social media website had 700 000 followers in 2009. The number y of followers increases by 6% each year. a) write an exponential growth function that represents the number of fo      Log On


   

Question 1069367: "a social media website had 700 000 followers in 2009. The number y of followers increases by 6% each year. a) write an exponential growth function that represents the number of followers t years after 2009. b) how many people will be following the website in 2017? round your answer to the nearest thousand." i need this with shown work, i have no idea what to do, please help thank you.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
y=yo(1+0.06)^t, where t is the number of years and yo=700,000
It's like a money problem with a 6% interest rate compounded annually.
=700000(1.06)^8=1,115,694
With a calculator, raise 1.06^8 and don't round until after you multiply by 700,000.