Question

A publishing industry report predicts that magazine subscriptions will drop by 5% each year. If this prediction is correct, then how many subscribers will a magazine with 72,000 subscribers have in 5 years?

Answer 1

The no. of subscribers of the magazine after 5 years is = 55713

Explanation:

Given data

Total subscribers (N) = 72000

Drop in subscriptions in each year (R) = 5%

No. of subscribers of the magazine in 5 years is given by

`N_1 = N ((R)/(100) )^(T)`

`N_1 = 72000 (0.95)^(5)`

`N_1` = 55713

Thus the no. of subscribers of the magazine after 5 years is = 55713