Question

A little more than 43 million households own dogs in the US. The rate of increase in dog ownership is 1.5% each year. Approximately how many households are expected to own dogs in 10 years, if this trend continues?

Answer 1

`K_n=K(1+(r)/(100))^n`
Kn is the value searched
K --> capital
r --> interest rate
n --> number of compounding periods

`K_n=43000000*(1+(1,5)/(100))^1^0` = 49903255.48