If a national event is expected to grow its attendance by 15% each year and had

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What’s inside this PDF?

Question: 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?

Options:

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

Correct Answer: 1,150

Solution:

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

If a national event is expected to grow its attendance by 15% each year and had

Practice Questions

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?

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

Questions & Step-by-Step Solutions

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?

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.

Percentage Growth – Understanding how to calculate growth based on a percentage increase from a previous value.
Basic Arithmetic – Applying multiplication to compute the expected number of attendees after growth.

If a national event is expected to grow its attendance by 15% each year and had

What’s inside this PDF?

If a national event is expected to grow its attendance by 15% each year and had

Practice Questions

Questions & Step-by-Step Solutions

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