Question

The yearly attendance at a local restaurant is 54,200 and grows continuously at a rate of 7.2% each year. What is the approximate attendance at the restaurant in 21 years?

136,150

58,239

245,840

233,394

Answer 1

Use the formula

A = Pe^(r*t)

where in this case

P = 54200
r = 0.072
t = 21

Answer 2

but the answer in not in my answer choices

Answer 3

what did you get

Answer 4

81950.4

Answer 5

show me what you typed in

Answer 6

54200(0.072*21)

Answer 7

you forgot about the e

Answer 8

the formula is A = Pe^(r*t)

Answer 9

whats e ?

Answer 10

e is like pi, but in this case

e = 2.71828182846....

Answer 11

your calculator should know what to do with 'e' when you type it in

Answer 12

if not, then just use that number for 'e'

Answer 13

so you should have

54200*e^(0.072*21)

or

54200*2.71828182846^(0.072*21)