Question

Attendance is 1200 people at an event. The number is decreasing by a rate of 0.5% per year. How many will be attending after 4 years?

Answer 1

Answer: To calculate the number of attendees after 4 years, we can use the formula:

Attendance = 1200 * (1 - 0.5%)^4

Where 0.5% is the decimal equivalent of the percentage decrease.

In this case:

Attendance = 1200 * (1 - 0.005)^4

Attendance = 1200 * 0.995^4

Attendance = 1200 * 0.9450625

Attendance = 1134

So, after 4 years, the attendance will be 1134 people.

Explanation: