Question

You decide to take advantage of the current online dating craze and start your own Web site. You know that you have 550 people who will sign up immediately and, through a careful marketing research and analysis, determine that membership can grow by 29 percent in the first two years, 23 percent in year 3, and 18 percent in Year 4. How many members do you expect to have at the end of four years?

Answer 1

Number of members in every year need to be calculated.

Starting member numbers = 450

In Year 1, members = 450 * (1 + 27%) = 571.500000

In Year 2, members = 572 * (1 + 27%) = 725.805000

In Year 3, members = 726 * (1 + 22%) = 885.482100

In Year 4, members = 885 * (1 + 18%) = 1044.868878

Answer = 1,045