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The number of members in the biking club was 32 in 2000 and has increased by 15% each year. Which model shows the club's membership in terms of t, the number of years since 2000?



Answer :

solution;

Applying compound interest formula;

[tex]p(1+R\%)^n[/tex][tex]\begin{gathered} 32(1+15\%)^t \\ 32(1.15)^t \end{gathered}[/tex]

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