Question

A new fitness center had 350

members in its first year. The
number of members increased by
14% each year thereafter. Find
the approximate number of
members after 8 years.

A:929
B:941
C:955
D:972
E:998

Answer 1

E

Explanation:

you want to use the formula y=a(1+x)^t

a= anitial amount x= percent as a decimal t=time

y= 350(1+.14)^8

y= 350(1.14)^8

y= 350(2.9)

y= 998.4