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17 April, 13:30

The number of customers that visit a local small business is 46,900 and has been continuously declining at a rate of 3.2% each year. What is the approximate number of customers that visit the business in 8 years?

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  1. 17 April, 16:35
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    V=Vo (1-r/100) ^n

    V=46900 (1-3.2/100) ^8

    V=46900 (96.8/100) ^8

    V=46900 * (.968) ^8

    V=36155.61

    V=36155 (approx)
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