Question

Check my work?

y = (61,874)(.965)^15
y = (61,874)(0.58601630553495225478557792931021) 36,259.17

Answer 1

The number of customers visiting a local business is 61,874 and has been continuously declining at a rate of 3.5% each year. What is the approximate number of customers in 15 years?

36,602

29,390

104,595

36,259

Answer 2

continuous means ` e `

Answer 3

try \[\large 61874*e^{-0.035*15}\]

Answer 4

36601.909540526350630128889907103
or 36,602

Answer 5

And I see, I used the general form when I should have used the continuous formula. Thanks gane!

Answer 6

Yes! yw :)