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
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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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