The number of subscriptions to aninterior design magazine wa

socorraob

socorraob

Answered question

2021-12-20

The number of subscriptions to aninterior design magazine was 16,450 in 1996. Since then, the number of subscriptions has increased by 9.2% each year. Find the approximate number of subscriptions in 2018.
A) 97,495 post office
B) 102,984 movie theater
C) 108,751 hair salon
D) 114,042 amusement park
E) 119,263 airport

Answer & Explanation

Paineow

Paineow

Beginner2021-12-21Added 30 answers

We will use the formula A=P(1+r100)t to answer the question.
P=16,450; r=9.2%
1996 corresponds to t=0
2018 corresponds to t=22
A=P(1+r100)t
=16450(1+9.2100)22
=16450(1.092)22
=114,041.8
114,042
So, the approximate number of subscription is 114,042.
Hence, the correct option is D.
Bertha Jordan

Bertha Jordan

Beginner2021-12-22Added 37 answers

Solution:
16450×(1+9.2%)20181996
{om 1996  2018}
=16450×1.09222
16450×6.9326
114042
Answer: D
Don Sumner

Don Sumner

Skilled2021-12-28Added 184 answers

Answer: 49,744.8 so round up to 49,745

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