Question

The number of customers that visit a local small business is 37,800 and has been continuously declining at a rate of 1.7% each year. What is the approximate number of customers that visit the business in 12 years

Answer 1

I need someone to walk me through the steps of how to solve this

Answer 2

set up a proportion

Answer 3

x/37800 = 1.7%/100%

Answer 4

cross multiply

Answer 5

(x)100 = (1.7)(100)
(x)100= 64260

Answer 6

the divide 64260 by 100 so you can get (x) by its self

Answer 7

=642.6 is 1.7 % of the 37800 people

Answer 8

multiply 624.6 by 12 months
and subtract that from 37800
and you get 30088.8