Question

HELP! The number of customers that visit a local small business is 29,600 and has been continuously declining at a rate of 2.9% each year. What is the approximate number of customers that visit the business in 10 years?

Answer 1

pretty sure it's like this 29600 * 0.81^10

Answer 2

i dont understand?

Answer 3

29600*.971^10=22054

Answer 4

why would you give it an exponent of 10. thats what i dont get?

Answer 5

oh nvm for the 10 years. thankyou

Answer 6

aaa sorry i was wrong. 100% - 2.9% = 97.1% = 0.971.
so you 29600 * 0.971 * 0.971 .... 10 times
29600 * 0.971^10

Answer 7

yes