Concept explainers
Business: Franchise Growth. Fashionista Clothing is selling franchises throughout the United States and Canada. It is estimated that the number of franchises N will increase at the rate of 12% per year, that is,
a. Find the function that satisfies the equation, assuming that the number of franchises in 2014
b. How many franchises will there be in 2018?
c. After how long will the number of franchises be 300? Round to the nearest tenth of a year.
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Calculus and Its Applications (11th Edition)
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