Question

The number of customers that visit a local small business is 37,800 and has been continuously declining at a rate of 1.7% each year. What is the approximate number of customers that visit the business in 12 years?

Answer 1

The population P after t years is evidently

P(t) = 37800 * 0.983^t

so, plug in t=12

Answer 2

30770.461