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 + 0.008) ^y?

the expression above is

y = Subscribers after time t = S

a = Initial Subscribers =20,000

r = Growth rate = 0.08 = 8%

t = time in years = y

Step-by-step explanation:

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 + 0.008) ^y?

The above question represents Exponential growth

Exponential growth formula =

y = a( 1 + r) ^t

Where:

y = Population after time t

a = Initial Population

r = Growth rate

t = time in years

S = 20,000 (1 + 0.08)^y

Hence, the expression above is

y = Subscribers after time t = S

a = Initial Subscribers =20,000

r = Growth rate = 0.08 = 8%

t = time in years = y

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