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12 August, 01:48

Membership in an art club is expected to grow by about 4% per month. Currently, there are 350 members in the club. In about how many months will membership reach 500 members?

A. 9 months

B. 12 months

C. 14 months

D. 20 months

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Answers (1)
  1. 12 August, 04:18
    0
    500=350 (1+0.04/12) ^12x

    Solve for x

    500/350 = (1+0.04/12) ^12x

    X = (Log (500/350) / log (1+0.04/12)) / 12

    X=9 months
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