If a national event is expected to grow its attendance by 15% each year and had 1,000 attendees last year, how many attendees are expected this year?

Practice Questions

1 question

1,150
1,200
1,100
1,175

Questions & Step-by-step Solutions

1 item

Q: If a national event is expected to grow its attendance by 15% each year and had 1,000 attendees last year, how many attendees are expected this year?

Solution: Expected attendees = 1,000 * (1 + 0.15) = 1,000 * 1.15 = 1,150.

Steps: 6

Step 1: Identify the number of attendees from last year, which is 1,000.
Step 2: Determine the growth rate, which is 15%. Convert this percentage to a decimal by dividing by 100, resulting in 0.15.
Step 3: Calculate the total growth factor by adding 1 to the decimal growth rate: 1 + 0.15 = 1.15.
Step 4: Multiply the number of attendees from last year (1,000) by the growth factor (1.15): 1,000 * 1.15.
Step 5: Perform the multiplication: 1,000 * 1.15 = 1,150.
Step 6: The expected number of attendees this year is 1,150.

If a national event is expected to grow its attendance by 15% each year and had 1,000 attendees last year, how many attendees are expected this year?

Practice Questions

Questions & Step-by-step Solutions

Related Questions

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?