The yearly attendance at a local restaurant is 42,400 Grows continuously at a rate of 4.1% each year what is the approximate attendance at the restaurant in 15 years

Question

Mathematics

Amiah Hendrix

11 September, 16:17

The yearly attendance at a local restaurant is 42,400 Grows continuously at a rate of 4.1% each year what is the approximate attendance at the restaurant in 15 years

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Zoey Mckenzie · Answer 1

Compounded continuously

neato

A=Pe^ (rt)

r=rate=4.1%=0.041

P=principal=42400

t=time=15

A=42400e^ (0.041*15)

A=42400e^ (0.615)

A=78425.4

so the attendance is about 78425 people