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?

Question

anonymous · Answer

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

anonymous · Answer

i dont understand?

anonymous · Answer

29600*.971^10=22054

anonymous · Answer

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

anonymous · Answer

oh nvm for the 10 years. thankyou

anonymous · Answer

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

anonymous · Answer

yes