Question

The number of customers that visit a local small business is 51,200 and has been continuously declining at a rate of 3.8% each year. What is the approximate number of customers that visit the business in 14 years

Answer 1

Each year decrease 3.8 per cent,so n years remain 51200*(1-0.038)^n,

ans: 51200(1-0.038)^14
=29766 customers (corr. to the nearest integer)

Answer 2

30,076 is the correct answer

Answer 3

as marie said its 30076