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The number of franchises of a dance studio has been growing exponentially since the first studio opened in 1998. Since then the number of studios has grown at a rate of 14% each year. a) Create an algebraic model that gives the number of studios t years since 1998. b) Use your model to predict the number of studios in 2022. Round your answer to the nearest whole number.

The number of franchises of a dance studio has been growing exponentially since the first studio opened in 1998. Since then the number of studios has grown at a rate of 14% each year. a) Create an algebraic model that gives the number of studios t years since 1998. b) Use your model to predict the number of studios in 2022. Round your answer to the nearest whole number.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The number of franchises of a dance studio has been growing exponentially since the first studio opened in 1998. Since then the number of studios has grown at a rate of 14% each year. a) Create an algebraic model that gives the number of studios t years since 1998. b) Use your model to predict the number of studios in 2022. Round your answer to the nearest whole number. a) No=
Transcribed Image Text:The number of franchises of a dance studio has been growing exponentially since the first studio opened in 1998. Since then the number of studios has grown at a rate of 14% each year. a) Create an algebraic model that gives the number of studios t years since 1998. b) Use your model to predict the number of studios in 2022. Round your answer to the nearest whole number. a) No=
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