A community festival attracted 1354 people this year. If organizers expect attendance to grow at 5% per

Question:

A community festival attracted 1354 people this year. If organizers expect attendance to grow at 5% per year, how many years will it take for the festival attendance to grow to 2000 people? Round your answer to the nearest year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

See More Books

Question Posted: Oct 21, 2020 05:40 AM

See More Questions

If the inflation rate is 7% per year, how many years will it take for the cost of something to double when prices increase at exactly the same rate as inflation?
For your job as the business reporter for a local newspaper, you are given the task of putting together a series of articles that explain the power of the time value of money to your readers. Your...
How many years will it take for $850 per year to amount to $20,000 if the interest rate is 8%?
Magna Jets is a medium sized company that manufactures luxury goods for several well-known chain stores. In real terms, the company has experienced only a small growth in turnover in recent years,...
An insulated rigid tank contains 1.5 kg of helium at 30oC and 500 kPa. A paddle wheel with a power rating of 0.1 kW is operated within the tank for 30 minutes. Determine (a) The minimum work in which...
The Allied Corporation typically allocates expenses for CEO pay to each of its existing projects, with the percentage allocation based on the percentage of book assets that each project represents....
Learn the dimensions of globalization. L01
The president of Frogger Company is puzzled. During the last year, the company experienced a net loss of $800,000, yet its cash increased $300,000 during the same period of time. Explain to the...
1. Wisconsin Company Inc. had the following account balances in its year-end trial balance, December 31, 2019. a. Long-term Bonds Payable $5,000 b. Unamortized Bonds Discount $600 c. Accrued Pension...
Pinto Brothers are repaying a loan of $14 500 by making payments of $2600 at the end of every six months. If interest is 7% compounded semi-annually, construct an amortization schedule showing the...
The maturity value of a $5000 four-year compound-interest GIC was $5839.72. What quarterly compounded rate of interest did it earn?
Rounded to the nearest month, how long will it take a town's population to grow from 32,500 to 40,000 if the annual growth rate is 3%?
What is the essential purpose of the physical design phase? Who must be involved in this phase, and who may be involved? What are the two philosophies of physical design on the different ends of the...
Nequired information Exercise 5-17 (Static) Notes receivable-interest accrual and collection LO 5-6 (The following information applies to the questions displayed below) Agrico Incorporated accepted...
Case 14-3 Sarin Pharmaceuticals Ltd. Alan Mannik, director of procurement for the Sarin Phar- maceuticals Ltd. (Sarin) Animal Health Division plant in Vancouver, British Columbia, was planning for...
CL727 LEGAL ANALYSIS AND WRITING Module 11 Assignment: Brief Answer, Analysis, and Conclusion This assignment will be due in Module 11. Your assignment is to write the Brief Answer, Analysis, and...
Question 11 (0.5 points) l) Listen } As a drug manufacturer, you expect your latest wonder drug to lower cholesterol. It has been successful with a limited group of participants so far, so you have...
Redfern Audio produces audio equipment including headphones. At the Campus Facility, it produces two wireless models, Standard and Enhanced, which differ both in the materials and components used and...
Do the previous exercise, but with hexagons. Data from Previous Exercise Tile a window with small right triangles.
What is a content filter? Where is it placed in the network to gain the best result for the organization?
Three forecasting techniques were used to predict the values of a time series. These values are given in the following table. Compute MAD and SSE for each technique to determine which was most...
Calculate MAD and SSE for the forecasts that follow. Period 4 2 3 Forecast 63 72 86 71 60 Actual 70 57 60 75 70 2.
Two forecasting models were used to predict the future values of a time series. These are shown here together with the actual values. Compute MAD and SSE for each model to determine which was more...
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2...
Prepare the adjusting journal entries and Post the adjusting journal entries to the T-accounts and adjust the trial balance. Dresser paid the interest due on the Bonds Payable on January 1. Dresser...
Venneman Company produces a product that requires 7 standard pounds per unit. The standard price is $11.50 per pound. If 3,900 units required 28,400 pounds, which were purchased at $10.92 per pound,...

A community festival attracted 1354 people this year. If organizers expect attendance to grow at 5% per

Question:

Step by Step Answer:

It will take 8 years for the festival t...View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these Mathematics questions