A cable company uses the formula S = 20,000 (1 + 0.08)Y to estimate the number of subscribers, S, that use their service after y years. If there were 20,000 cable television subscribers when the cable company began, what is the meaning of the expression (1 + 0.08)'? %3D A. Every year the number of subscribers is estimated to increase by 8 over the number of subscribers the year before. B. Every year the number of subscribers is estimated to increase by 8% of the original 20,000 subscribers. C. Every year the number of subscribers is estimated to increase by 8% over the number of subscribers the year before. D. Every year the number of subscribers is estimated to increase by 80% of the original 20,000 subscribers.

A cable company uses the formula S = 20,000 (1 + 0.08)Y to estimate the number of subscribers, S, that use their service after y years. If there were 20,000 cable television subscribers when the cable company began, what is the meaning of the expression (1 + 0.08)'? %3D A. Every year the number of subscribers is estimated to increase by 8 over the number of subscribers the year before. B. Every year the number of subscribers is estimated to increase by 8% of the original 20,000 subscribers. C. Every year the number of subscribers is estimated to increase by 8% over the number of subscribers the year before. D. Every year the number of subscribers is estimated to increase by 80% of the original 20,000 subscribers.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter2: Functions And Graphs

Section2.3: Linear Functions And Slope

Problem 105E

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