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A fitness club has 4,000 members. The number 
y of members decreases by 
5% each year. How many members will there be after 4 years? Round your answer to the nearest integer.
(A) 3,138 members
(B) 3,258 members
(C) 3,800 members
(D) 3,980 members

3232. A fitness club has 44,000000 members. The number y y of members decreases by 5% 5 \% each year. How many members will there be after 44 years? Round your answer to the nearest integer.\newline(A) 33,138138 members\newline(B) 33,258258 members\newline(C) 33,800800 members\newline(D) 33,980980 members

Full solution

Q. 3232. A fitness club has 44,000000 members. The number y y of members decreases by 5% 5 \% each year. How many members will there be after 44 years? Round your answer to the nearest integer.\newline(A) 33,138138 members\newline(B) 33,258258 members\newline(C) 33,800800 members\newline(D) 33,980980 members
  1. Calculate decrease factor: Step 11: Calculate the decrease factor for each year.\newlineTo find the new number of members each year, we multiply the current number by 95%95\% (since the membership decreases by 5%5\% each year).\newlineDecrease factor = 100%5%=95%=0.95100\% - 5\% = 95\% = 0.95
  2. Apply decrease factor: Step 22: Apply the decrease factor for 44 years.\newlineWe need to multiply the initial number of members by the decrease factor raised to the power of 44 to find the number of members after 44 years.\newlineNumber of members after 44 years = 4,000×(0.95)44,000 \times (0.95)^4
  3. Calculate exact number: Step 33: Calculate the exact number of members after 44 years. \newline4,000×(0.95)4=4,000×0.8145=3,2584,000 \times (0.95)^4 = 4,000 \times 0.8145 = 3,258 (rounded to the nearest integer)

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