A small printing company launched an online ordering system to expand its business. The equation c = 400*(1.03)^m represents the

Question

A small printing company launched an online ordering system to expand its business. The equation c = 400*(1.03)^m represents the number of customers c it has in terms of the number of months m since it launched the ordering system.
1. By what factor does the number of customers grow in one year? Write your answer as an expression and a numerical value.
2. If y is time in years, write an equation for the number of customers c as a function of the number of years y after the introduction of the ordering system.
3. If this model continues to apply for a decade, by what factor will the number of customers grow in one decade?

Kunduz · Accepted Answer

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